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Shares of iShares S&P GSCI Commodity Indexed Trust Exhibit Possible Trend Reversal as it Trades Higher (GSG)

By Amy Schwartz

iShares S&P GSCI Commodity Indexed Trust shares are trading on heavy volume today, having risen 0.3% to $13.90. About 1.2 million shares have been traded today, as compared to the 30-day average volume of 471,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares S&P GSCI Commodity Indexed Trust on March 14th, 2017 by issuing a Downtrend alert when the shares were trading at $14.36. Since that call, shares of iShares S&P GSCI Commodity Indexed Trust have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

iShares S&P GSCI Commodity Indexed Trust share prices have moved between a 52-week high of $22.34 and a 52-week low of $12.03 and are now trading 15% above that low price at $13.87 per share. The 200-day and 50-day moving averages have moved 0.6% lower and 1.06% higher over the past week, respectively.

Keywords: unusual volume ishares s&p gsci commodity indexed trust

Ticker(s): GSG