• Return to Headlines

Look for Shares of iShares Barclays 20+ Year Treasury Bond Fund to Potentially Rebound after Yesterday's 2.25% Sell Off

By Shiri Gupta

iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $118.95 to a high of $119.55. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $121.22 on volume of 4.3 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 $119.09, 6% 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.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares Barclays 20+ Year Treasury Bond Fund on October 5th, 2016 by issuing a Downtrend alert when the shares were trading at $134.60. Since that call, shares of iShares Barclays 20+ Year Treasury Bond Fund have fallen 9.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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

Ticker(s): TLT