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iShares MSCI Japan Index Fund Set to Possibly Rebound After Yesterday's Selloff of 3.76%

By James Quinn

iShares MSCI Japan Index Fund (NYSE:EWJ) traded in a range yesterday that spanned from a low of $11.29 to a high of $11.47. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $11.57 on volume of 33.6 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 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 $11.40, 12% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

Keywords: rebounders ishares msci japan index fund

Ticker(s): EWJ