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Look for Shares of iShares MSCI France Index Fund to Potentially Pullback after Yesterday's 2.08% Rise

By Shiri Gupta

iShares MSCI France Index Fund (NYSE:EWQ) traded in a range yesterday that spanned from a low of $26.43 to a high of $26.63. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $26.34 on volume of 3.1 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 France Index Fund on January 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.10. Since that recommendation, shares of iShares MSCI France Index Fund have risen 3.5%. We continue to monitor EWQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, iShares MSCI France Index Fund share prices have been bracketed by a low of $21.00 and a high of $27.90 and are now at $26.52, 26% 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 0.2%.

Keywords: rebounders ishares msci france index fund

Ticker(s): EWQ