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After Yesterday's Rally of 1.09% Shares Could Potentially Pullback

By Amy Schwartz

iShares S&P MidCap 400 Index Fund (NYSE:IJH) traded in a range yesterday that spanned from a low of $146.27 to a high of $148.07. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $146.62 on volume of 805,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in iShares S&P MidCap 400 Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares S&P MidCap 400 Index Fund in search of a potential trend change.

iShares S&P MidCap 400 Index Fund share prices have moved between a 52-week high of $155.13 and a 52-week low of $109.03 and are now trading 35% above that low price at $147.56 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

Keywords: rebounders ishares s&p midcap 400 index fund

Ticker(s): IJH