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Look for Shares of iShares MSCI Emerging Markets Index Fund/United States to Potentially Rebound after Yesterday's 1.30% Sell Off

By Amy Schwartz

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) traded in a range yesterday that spanned from a low of $40.90 to a high of $41.14. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $41.19 on volume of 58.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of iShares MSCI Emerging Markets Index Fund/United States have traded between a low of $27.61 and a high of $43.46 and are now at $41.05, which is 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Emerging Markets Index Fund/United States on January 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.04. Since that recommendation, shares of iShares MSCI Emerging Markets Index Fund/United States have risen 15.4%. We continue to monitor EEM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ishares msci emerging markets index fund/united states

Ticker(s): EEM