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Look for Shares of iShares MSCI Mexico Investable Market Index Fund to Potentially Pullback after Yesterday's 1.42% Rise

By Nick Russo

iShares MSCI Mexico Investable Market Index Fund (AMEX:EWW) traded in a range yesterday that spanned from a low of $52.51 to a high of $52.87. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $52.32 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

iShares MSCI Mexico Investable Market Index Fund share prices have moved between a 52-week high of $60.92 and a 52-week low of $41.23 and are now trading 28% above that low price at $52.79 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Mexico Investable Market Index Fund on February 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.40. Since that recommendation, shares of iShares MSCI Mexico Investable Market Index Fund have risen 14.7%. We continue to monitor EWW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders amex:eww ishares msci mexico investable market index fund

Ticker(s): EWW