SmarTrend Watching for Potential Pullback in Shares of iShares Barclays 20+ Year Treasury Bond Fund After 1.59% Gain
iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $141.70 to a high of $142.91. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $140.82 on volume of 4.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, iShares Barclays 20+ Year Treasury Bond Fund share prices have been bracketed by a low of $112.73 and a high of $142.80 and are now at $142.80, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.
SmarTrend is monitoring the recent change of momentum in iShares Barclays 20+ Year Treasury Bond Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Barclays 20+ Year Treasury Bond Fund in search of a potential trend change.
Keywords: rebounders amex:tlt ishares barclays 20+ year treasury bond fund