Look for Shares of iShares S&P 500 Index Fund to Potentially Rebound after Yesterday's 1.16% Sell Off
iShares S&P 500 Index Fund (NYSE:IVV) traded in a range yesterday that spanned from a low of $215.53 to a high of $216.46. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $215.76 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend is tracking the current trend status for iShares S&P 500 Index Fund and will alert subscribers who have IVV in their portfolio or watchlist when shares have changed trend direction.
In the past 52 weeks, iShares S&P 500 Index Fund share prices have been bracketed by a low of $147.21 and a high of $220.88 and are now at $215.74, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
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