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After Yesterday's Rally of 1.05% Shares Could Potentially Pullback

By James Quinn

iShares S&P SmallCap 600 Index Fund (NYSE:IJR) traded in a range yesterday that spanned from a low of $68.21 to a high of $69.09. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $68.86 on volume of 970,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, iShares S&P SmallCap 600 Index Fund share prices have been bracketed by a low of $66.54 and a high of $141.35 and are now at $68.97, 4% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for iShares S&P SmallCap 600 Index Fund and will alert subscribers who have IJR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ishares s&p smallcap 600 index fund

Ticker(s): IJR