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iShares Dow Jones US Real Estate Index Fund Rises 1.12% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

iShares Dow Jones US Real Estate Index Fund (NYSE:IYR) traded in a range yesterday that spanned from a low of $77.79 to a high of $78.50. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $78.29 on volume of 2.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in iShares Dow Jones US Real Estate Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Dow Jones US Real Estate Index Fund in search of a potential trend change.

iShares Dow Jones US Real Estate Index Fund share prices have moved between a 52-week high of $85.80 and a 52-week low of $65.88 and are now trading 19% above that low price at $78.47 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.81% higher over the past week, respectively.

Keywords: rebounders ishares dow jones us real estate index fund

Ticker(s): IYR