Look for Shares of iShares MSCI South Korea Index Fund to Potentially Rebound after Yesterday's 1.82% Sell Off
iShares MSCI South Korea Index Fund (NYSE:EWY) traded in a range yesterday that spanned from a low of $50.66 to a high of $51.13. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $51.55 on volume of 887,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
iShares MSCI South Korea Index Fund share prices have moved between a 52-week high of $61.75 and a 52-week low of $42.94 and are now trading 18% above that low price at $50.78 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.
SmarTrend is monitoring the recent change of momentum in iShares MSCI South Korea Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI South Korea Index Fund in search of a potential trend change.
Keywords: rebounders ishares msci south korea index fund