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After Yesterday's Rally of 1.34% Shares Could Potentially Pullback

By Amy Schwartz

iShares MSCI Chile Investable Market Index Fund (NYSE:ECH) traded in a range yesterday that spanned from a low of $44.28 to a high of $44.75. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $44.46 on volume of 269,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Chile Investable Market Index Fund on January 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.43. Since that recommendation, shares of iShares MSCI Chile Investable Market Index Fund have risen 14.9%. We continue to monitor ECH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, iShares MSCI Chile Investable Market Index Fund share prices have been bracketed by a low of $29.03 and a high of $44.80 and are now at $44.71, 54% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Keywords: rebounders ishares msci chile investable market index fund

Ticker(s): ECH