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Look for Shares of iShares MSCI EAFE Index Fund to Potentially Rebound after Yesterday's 7.87% Sell Off

By Amy Schwartz

iShares MSCI EAFE Index Fund (NYSE:EFA) traded in a range yesterday that spanned from a low of $53.85 to a high of $55.09. Yesterday, the shares fell 7.9%, which took the trading range below the 3-day low of $57.12 on volume of 45.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in iShares MSCI EAFE Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI EAFE Index Fund in search of a potential trend change.

In the past 52 weeks, shares of iShares MSCI EAFE Index Fund have traded between a low of $50.94 and a high of $68.51 and are now at $54.14, which is 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.3%.

Keywords: rebounders ishares msci eafe index fund

Ticker(s): EFA