• Return to Headlines

Look for Shares of iShares Barclays 20+ Year Treasury Bond Fund to Potentially Pullback after Yesterday's 1.07% Rise

By Shiri Gupta

iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $125.05 to a high of $125.77. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $124.64 on volume of 6.4 million 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 monitoring the recent change of momentum in iShares Barclays 20+ Year Treasury Bond Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Barclays 20+ Year Treasury Bond Fund in search of a potential trend change.

Over the past year, iShares Barclays 20+ Year Treasury Bond Fund has traded in a range of $112.73 to $143.62 and is now at $125.56, 11% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders amex:tlt ishares barclays 20+ year treasury bond fund

Ticker(s): TLT