After Yesterday's Rally of 1.49% Shares Could Potentially Pullback
iShares Cohen & Steers Realty Majors Index Fund (AMEX:ICF) traded in a range yesterday that spanned from a low of $103.94 to a high of $105.32. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $104.94 on volume of 106,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
iShares Cohen & Steers Realty Majors Index Fund share prices have moved between a 52-week high of $106.22 and a 52-week low of $64.00 and are now trading 64% above that low price at $105.18 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.
SmarTrend recommended that subscribers consider buying shares of iShares Cohen & Steers Realty Majors Index Fund on March 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.47. Since that recommendation, shares of iShares Cohen & Steers Realty Majors Index Fund have risen 4.2%. We continue to monitor ICF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders amex:icf ishares cohen & steers realty majors index fund