After Yesterday's Rally of 1.77% Shares Could Potentially Pullback
iShares Dow Jones US Real Estate Index Fund (NYSE:IYR) traded in a range yesterday that spanned from a low of $81.66 to a high of $82.47. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $81.12 on volume of 5.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of iShares Dow Jones US Real Estate Index Fund have traded between a low of $65.88 and a high of $85.80 and are now at $82.38, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for iShares Dow Jones US Real Estate Index Fund and will alert subscribers who have IYR in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders ishares dow jones us real estate index fund