iShares MSCI Emerging Markets Index Fund/United States Set to Possibly Pullback After Yesterday's Rally of 1.87%
iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) traded in a range yesterday that spanned from a low of $37.83 to a high of $38.19. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $37.43 on volume of 72.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
iShares MSCI Emerging Markets Index Fund/United States share prices have moved between a 52-week high of $43.46 and a 52-week low of $27.61 and are now trading 38% above that low price at $38.13 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.
SmarTrend recommended that subscribers consider buying shares of iShares MSCI Emerging Markets Index Fund/United States on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.31. Since that recommendation, shares of iShares MSCI Emerging Markets Index Fund/United States have risen 6.0%. We continue to monitor EEM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders ishares msci emerging markets index fund/united states