iShares MSCI Germany Index Fund Set to Possibly Rebound After Yesterday's Selloff of 1.16%
iShares MSCI Germany Index Fund (AMEX:EWG) traded in a range yesterday that spanned from a low of $25.50 to a high of $25.96. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $25.80 on volume of 4.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, iShares MSCI Germany Index Fund share prices have been bracketed by a low of $22.67 and a high of $30.67 and are now at $25.55, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of iShares MSCI Germany Index Fund on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.33. Since that recommendation, shares of iShares MSCI Germany Index Fund have risen 6.3%. We continue to monitor EWG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders amex:ewg ishares msci germany index fund