Look for Shares of iShares MSCI Emerging Markets Index Fund/United States to Potentially Pullback after Yesterday's 1.65% Rise
iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) traded in a range yesterday that spanned from a low of $35.19 to a high of $35.42. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $34.95 on volume of 52.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend is tracking the current trend status for iShares MSCI Emerging Markets Index Fund/United States and will alert subscribers who have EEM in their portfolio or watchlist when shares have changed trend direction.
iShares MSCI Emerging Markets Index Fund/United States share prices have moved between a 52-week high of $43.46 and a 52-week low of $27.61 and are now trading 28% above that low price at $35.36 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.
Keywords: rebounders ishares msci emerging markets index fund/united states