Possible Trend Reversal, iShares MSCI EAFE Small Cap Index Fund Down on Heavy Volume (SCZ)
iShares MSCI EAFE Small Cap Index Fund's stock is down 1.8% to $43.19 on heavy trading volume. Today's volume of 775,000 shares tops the average 30-day volume of 362,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of iShares MSCI EAFE Small Cap Index Fund on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.46. Since that recommendation, shares of iShares MSCI EAFE Small Cap Index Fund have risen 11.4%. We continue to monitor SCZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, iShares MSCI EAFE Small Cap Index Fund has traded in a range of $33.93 to $44.11 and is now at $43.15, 27% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.
Keywords: unusual volume ishares msci eafe small cap index fund
Ticker(s): SCZ