iShares Dow Jones US Real Estate Index Fund Set to Possibly Rebound After Yesterday's Selloff of 1.16%
iShares Dow Jones US Real Estate Index Fund (NYSE:IYR) traded in a range yesterday that spanned from a low of $83.25 to a high of $84.32. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $83.55 on volume of 4.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
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 26% above that low price at $83.32 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.81% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones US Real Estate Index Fund on June 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.32. Since that recommendation, shares of iShares Dow Jones US Real Estate Index Fund have risen 6.2%. We continue to monitor IYR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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