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iShares Dow Jones US Homenstruction Index Fund Bullish Moving Average Crossover Alert (ITB)

By James Quinn

Today, shares of iShares Dow Jones US Homenstruction Index Fund (NYSE:ITB) have crossed bullishly above their 10-day moving average of $32.30 on a volume of 514K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

iShares Dow Jones US Homenstruction Index Fund share prices have moved between a 52-week high of $32.78 and a 52-week low of $21.61 and are now trading 50% above that low price at $32.42 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones US Homenstruction Index Fund on November 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.90. Since that recommendation, shares of iShares Dow Jones US Homenstruction Index Fund have risen 19.7%. We continue to monitor ITB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares dow jones us homenstruction index fund

Ticker(s): ITB