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iShares Dow Jones US Homenstruction Index Fund Set to Possibly Rebound After Yesterday's Selloff of 1.67%

By Amy Schwartz

iShares Dow Jones US Homenstruction Index Fund (NYSE:ITB) traded in a range yesterday that spanned from a low of $26.50 to a high of $26.79. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $26.56 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares Dow Jones US Homenstruction Index Fund on September 9th, 2016 by issuing a Downtrend alert when the shares were trading at $28.17. Since that call, shares of iShares Dow Jones US Homenstruction Index Fund have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, iShares Dow Jones US Homenstruction Index Fund has traded in a range of $21.61 to $30.00 and is now at $26.53, 23% above that low. The 200-day and 50-day moving averages have moved 0.08% lower and 0.83% higher over the past week, respectively.

Keywords: rebounders ishares dow jones us homenstruction index fund

Ticker(s): ITB