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Look for Shares of iShares Barclays 20+ Year Treasury Bond Fund to Potentially Pullback after Yesterday's 1.67% Rise

By James Quinn

iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $125.73 to a high of $126.56. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $124.99 on volume of 6.6 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.

iShares Barclays 20+ Year Treasury Bond Fund share prices have moved between a 52-week high of $143.62 and a 52-week low of $112.73 and are now trading 12% above that low price at $126.39 per share. 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