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Buyers Accumulating Shares of iShares Dow Jones Transportation Average Index Fund on 1.1x Above-Average Volume (IYT)

Written on Fri, 07/30/2010 - 2:47pm
By Chip Brian

Shares of iShares Dow Jones Transportation Average Index Fund (NYSE:IYT) are trading up 0.2% to $79.92 today on above average volume. Approximately 1.1 million shares have traded hands today vs. average 30-day volume of 963,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of IYT to see if this bullish momentum will continue.
SmarTrend is bullish on shares of iShares Dow Jones Transportation Average Index Fund and our subscribers were alerted to buy on July 13, 2010 at $76.45. The stock has risen 4.5% since the alert was issued.

Keywords: ishares dow jones transportation average index fund unusual volume

Ticker(s): IYT

Contact Chip Brian



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