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Look for Shares of iShares MSCI EAFE Index Fund to Potentially Rebound after Yesterday's 2.11% Sell Off

By David Diaz

iShares MSCI EAFE Index Fund (NYSE:EFA) traded in a range yesterday that spanned from a low of $57.76 to a high of $58.36. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $58.04 on volume of 9.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

iShares MSCI EAFE Index Fund share prices have moved between a 52-week high of $68.51 and a 52-week low of $50.94 and are now trading 14% above that low price at $57.85 per share. The 200-day and 50-day moving averages have moved 0.25% lower and 0.56% higher over the past week, respectively.

SmarTrend is tracking the current trend status for iShares MSCI EAFE Index Fund and will alert subscribers who have EFA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ishares msci eafe index fund

Ticker(s): EFA