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iShares MSCI Thailand Index Fund Set to Possibly Pullback After Yesterday's Rally of 1.98%

By Nick Russo

iShares MSCI Thailand Index Fund (NYSE:THD) traded in a range yesterday that spanned from a low of $70.58 to a high of $71.50. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $70.63 on volume of 271,000 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 monitoring the recent change of momentum in iShares MSCI Thailand Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI Thailand Index Fund in search of a potential trend change.

Over the past year, iShares MSCI Thailand Index Fund has traded in a range of $54.94 to $79.31 and is now at $71.18, 30% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.5%.

Keywords: rebounders ishares msci thailand index fund

Ticker(s): THD