Look for Shares of iShares Barclays 20+ Year Treasury Bond Fund to Potentially Rebound after Yesterday's 1.47% Sell Off
iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $140.03 to a high of $140.86. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $141.78 on volume of 5.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
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 $140.20, 24% above that low. The 200-day and 50-day moving averages have moved 0.18% higher and 0.1% lower over the past week, respectively.
SmarTrend is tracking the current trend status for iShares Barclays 20+ Year Treasury Bond Fund and will alert subscribers who have TLT in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders amex:tlt ishares barclays 20+ year treasury bond fund