Market Overview

SmarTrend Vindicated on iShares MSCI France Index Fund Downtrend Call: Stock Price Down 16.1% (EWQ)

Share:
(via COMTEX News Network)--

SmarTrend identified a Downtrend for iShares MSCI France Index Fund (NYSE: EWQ) on May 17, 2011 at $26.95. In approximately 3 months, iShares MSCI France Index Fund has returned 16.1% as of today's recent price of $22.61.

In the past 52 weeks, shares of iShares MSCI France Index Fund have traded between a low of $20.43 and a high of $29.16 and are now at $22.61, which is 11% above that low price.

iShares MSCI France Index Fund is currently below its 50-day moving average of $26.35 and below its 200-day moving average of $26.02. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 0.71% while the 200-day MA has remained constant.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of iShares MSCI France Index Fund.

Write to Chip Brian at cbrian@mysmartrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

View Comments and Join the Discussion!