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iShares Russell 2000 Index Fund Set to Possibly Pullback After Yesterday's Rally of 1.24%

By James Quinn

iShares Russell 2000 Index Fund (AMEX:IWM) traded in a range yesterday that spanned from a low of $136.27 to a high of $138.11. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $137.79 on volume of 16.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

iShares Russell 2000 Index Fund share prices have moved between a 52-week high of $141.82 and a 52-week low of $93.64 and are now trading 47% above that low price at $138.08 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for iShares Russell 2000 Index Fund and will alert subscribers who have IWM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders amex:iwm ishares russell 2000 index fund

Ticker(s): IWM