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Look for Shares of iShares Russell 1000 Value Index to Potentially Pullback after Yesterday's 1.31% Rise

By James Quinn

iShares Russell 1000 Value Index (AMEX:IWD) traded in a range yesterday that spanned from a low of $102.74 to a high of $103.42. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $102.89 on volume of 1.5 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 monitoring the recent change of momentum in iShares Russell 1000 Value Index. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Russell 1000 Value Index in search of a potential trend change.

Over the past year, iShares Russell 1000 Value Index has traded in a range of $86.15 to $106.49 and is now at $103.37, 20% above that low. The 200-day and 50-day moving averages have moved 0.07% lower and 0.65% higher over the past week, respectively.

Keywords: rebounders amex:iwd ishares russell 1000 value index

Ticker(s): IWD