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Look for Shares of iShares MSCI Emerging Markets Index Fund/United States to Potentially Pullback after Yesterday's 1.39% Rise

By Shiri Gupta

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) traded in a range yesterday that spanned from a low of $40.46 to a high of $40.81. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $40.40 on volume of 41.7 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 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 11.5%. We continue to monitor EEM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 $40.79, which is 48% 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%.

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

Ticker(s): EEM