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iShares MSCI Hong Kong Index Fund Set to Possibly Rebound After Yesterday's Selloff of 1.48%

By Nick Russo

iShares MSCI Hong Kong Index Fund (NYSE:EWH) traded in a range yesterday that spanned from a low of $20.61 to a high of $20.79. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $20.86 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for iShares MSCI Hong Kong Index Fund and will alert subscribers who have EWH in their portfolio or watchlist when shares have changed trend direction.

Over the past year, iShares MSCI Hong Kong Index Fund has traded in a range of $16.77 to $24.65 and is now at $20.65, 23% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.

Keywords: rebounders ishares msci hong kong index fund

Ticker(s): EWH