After Yesterday's Rally of 1.26% Shares Could Potentially Pullback
iShares MSCI EAFE Index Fund (NYSE:EFA) traded in a range yesterday that spanned from a low of $54.91 to a high of $55.24. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $55.20 on volume of 10.5 million 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 MSCI EAFE Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI EAFE Index Fund in search of a potential trend change.
In the past 52 weeks, shares of iShares MSCI EAFE Index Fund have traded between a low of $50.94 and a high of $68.51 and are now at $55.11, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.
Keywords: rebounders ishares msci eafe index fund