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After Yesterday's Rally of 1.24% Shares Could Potentially Pullback

By Nick Russo

iShares S&P SmallCap 600 Index Fund (NYSE:IJR) traded in a range yesterday that spanned from a low of $69.37 to a high of $70.49. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $70.00 on volume of 933,000 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 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.

iShares S&P SmallCap 600 Index Fund share prices have moved between a 52-week high of $141.35 and a 52-week low of $66.54 and are now trading 6% above that low price at $70.34 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.

Keywords: rebounders ishares s&p smallcap 600 index fund

Ticker(s): IJR