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iShares S&P SmallCap 600 Index Fund Set to Possibly Pullback After Yesterday's Rally of 1.08%

By David Diaz

iShares S&P SmallCap 600 Index Fund (NYSE:IJR) traded in a range yesterday that spanned from a low of $125.46 to a high of $127.09. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $126.00 on volume of 885,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, iShares S&P SmallCap 600 Index Fund has traded in a range of $77.53 to $127.09 and is now at $126.80, 64% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in iShares S&P SmallCap 600 Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares S&P SmallCap 600 Index Fund in search of a potential trend change.

Keywords: rebounders ishares s&p smallcap 600 index fund

Ticker(s): IJR