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iShares Russell 1000 Value Index Set to Possibly Pullback After Yesterday's Rally of 1.02%

By James Quinn

iShares Russell 1000 Value Index (AMEX:IWD) traded in a range yesterday that spanned from a low of $105.12 to a high of $105.91. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $105.86 on volume of 923,000 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 tracking the current trend status for iShares Russell 1000 Value Index and will alert subscribers who have IWD in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of iShares Russell 1000 Value Index have traded between a low of $86.15 and a high of $107.47 and are now at $105.73, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.07% lower and 0.65% higher over the past week, respectively.

Keywords: rebounders amex:iwd ishares russell 1000 value index

Ticker(s): IWD