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iShares S&P Global Energy Sector Index Fund Trading Higher Today on Above-Average Volume, Consistent With Trend (IXC)

By James Quinn

Shares of iShares S&P Global Energy Sector Index Fund are trading today in above average volume, with the share price rising 1.1% to $29.77. About 576,000 shares have been traded today, as compared to the 30-day average volume of 308,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of iShares S&P Global Energy Sector Index Fund on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.56. Since that recommendation, shares of iShares S&P Global Energy Sector Index Fund have risen 10.8%. We continue to monitor IXC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, iShares S&P Global Energy Sector Index Fund has traded in a range of $23.27 to $39.42 and is now at $29.80, 28% 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 0.6%.

Keywords: unusual volume amex:ixc ishares s&p global energy sector index fund

Ticker(s): IXC