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iShares Russell 2000 Index Fund Set to Possibly Rebound After Yesterday's Selloff of 1.88%

By Nick Russo

iShares Russell 2000 Index Fund (AMEX:IWM) traded in a range yesterday that spanned from a low of $134.44 to a high of $138.60. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $137.31 on volume of 27.7 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 Russell 2000 Index Fund share prices have been bracketed by a low of $93.64 and a high of $140.86 and are now at $135.53, 45% above that low price. 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 monitoring the recent change of momentum in iShares Russell 2000 Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Russell 2000 Index Fund in search of a potential trend change.

Keywords: rebounders amex:iwm ishares russell 2000 index fund

Ticker(s): IWM