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iShares Barclays 20+ Year Treasury Bond Fund Set to Possibly Pullback After Yesterday's Rally of 1.34%

By Shiri Gupta

iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $122.39 to a high of $123.14. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $121.89 on volume of 4.6 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 Barclays 20+ Year Treasury Bond Fund share prices have been bracketed by a low of $112.73 and a high of $143.62 and are now at $122.99, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in iShares Barclays 20+ Year Treasury Bond Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Barclays 20+ Year Treasury Bond Fund in search of a potential trend change.

Keywords: rebounders amex:tlt ishares barclays 20+ year treasury bond fund

Ticker(s): TLT