Shares of iShares MSCI Hong Kong Index Fund are trading up 0.3% to $19.98 today on above average volume. About 12.5 million shares have been traded today, as compared to the 30-day average volume of 3.5 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Hong Kong Index Fund on August 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.95. Since that recommendation, shares of iShares MSCI Hong Kong Index Fund have risen 17.5%. We continue to monitor EWH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, iShares MSCI Hong Kong Index Fund has traded in a range of $15.48 to $20.10 and is now at $19.98, 29% above that low. The 200-day and 50-day moving averages have moved 0.18% higher and 0.39% higher over the past week, respectively.