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After Yesterday's Rally of 1.90% Shares Could Potentially Pullback

By James Quinn

iShares FTSE (NYSE:FXI) traded in a range yesterday that spanned from a low of $33.68 to a high of $33.82. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $33.39 on volume of 14.1 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, iShares FTSE share prices have been bracketed by a low of $28.10 and a high of $52.37 and are now at $33.76, 20% above that low price. The 200-day and 50-day moving averages have moved 0.56% lower and 0.48% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in iShares FTSE. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares FTSE in search of a potential trend change.

Keywords: rebounders ishares ftse

Ticker(s): FXI