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Possible Trend Reversal, iShares Dow Jones US Financial Sector Index Fund Down on Heavy Volume (IYF)

By James Quinn

iShares Dow Jones US Financial Sector Index Fund shares are trading on heavy volume today, having fallen 0.2% to $106.20. Today's volume of 454,000 shares tops the average 30-day volume of 398,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones US Financial Sector Index Fund on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.58. Since that recommendation, shares of iShares Dow Jones US Financial Sector Index Fund have risen 21.5%. We continue to monitor IYF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, iShares Dow Jones US Financial Sector Index Fund share prices have been bracketed by a low of $73.35 and a high of $109.36 and are now at $106.00, 45% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.8%.

Keywords: unusual volume ishares dow jones us financial sector index fund

Ticker(s): IYF