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iShares MSCI Japan Index Fund Set to Possibly Pullback After Yesterday's Rally of 1.31%

By Nick Russo

iShares MSCI Japan Index Fund (NYSE:EWJ) traded in a range yesterday that spanned from a low of $11.53 to a high of $11.60. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $11.47 on volume of 10.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, iShares MSCI Japan Index Fund share prices have been bracketed by a low of $10.18 and a high of $13.32 and are now at $11.60, 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.2%.

Keywords: rebounders ishares msci japan index fund

Ticker(s): EWJ