Skip to main content

Market Overview

Volume Spike Detected in Shares of iShares MSCI Hong Kong Index Fund as They Move Lower on 6.2x Above-Average Volume (EWH)

Share:
(via COMTEX News Network)--

Shares of iShares MSCI Hong Kong Index Fund (NYSE: EWH) are trading down 3% to $17.30 today on above average volume. Approximately 29.4 million shares have traded hands today vs. average 30-day volume of 4.1 million shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of EWH to see if this bearish momentum will continue.

SmarTrend currently has shares of iShares MSCI Hong Kong Index Fund in an Downtrend and issued the Downtrend alert on June 17, 2011 at $18.20. The stock has fallen 2% since the Downtrend alert was issued.

In the last five trading sessions, the 50-day MA has fallen 0.22% while the 200-day MA has remained constant.

In the past 52 weeks, shares of iShares MSCI Hong Kong Index Fund have traded between a low of $15.86 and a high of $20.24 and are now at $17.33, which is 9% above that low price.

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!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com