iShares MSCI Mexico Investable Market Index Fund Set to Possibly Rebound After Yesterday's Selloff of 1.48%
iShares MSCI Mexico Investable Market Index Fund (AMEX:EWW) traded in a range yesterday that spanned from a low of $46.22 to a high of $46.99. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $47.30 on volume of 3.1 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 Mexico Investable Market Index Fund share prices have been bracketed by a low of $43.17 and a high of $60.92 and are now at $46.96, 9% 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 its subscribers protect gains by selling shares of iShares MSCI Mexico Investable Market Index Fund on August 31st, 2016 by issuing a Downtrend alert when the shares were trading at $50.40. Since that call, shares of iShares MSCI Mexico Investable Market Index Fund have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders amex:eww ishares msci mexico investable market index fund