Market Overview

Shares of EWT Down 5.8% Since Downtrend Call on Shares

(via COMTEX News Network)--

SmarTrend identified a Downtrend for iShares MSCI Taiwan Index Fund (NYSE: EWT) on June 24, 2011 at $14.64. In approximately 1 month, iShares MSCI Taiwan Index Fund has returned 5.8% as of today's recent price of $13.80.

In the past 52 weeks, shares of iShares MSCI Taiwan Index Fund have traded between a low of $12.06 and a high of $16.08 and are now at $13.80, which is 14% above that low price.

iShares MSCI Taiwan Index Fund is currently below its 50-day moving average of $15.16 and below its 200-day moving average of $15.03. 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 0.27% while the 200-day MA has risen 0.18%.

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 Taiwan Index Fund.

Write to Chip Brian at


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

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