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SmarTrend Watching for Potential Pullback in Shares of iShares Dow Jones US Real Estate Index Fund After 1.37% Gain

By James Quinn

iShares Dow Jones US Real Estate Index Fund (NYSE:IYR) traded in a range yesterday that spanned from a low of $74.63 to a high of $75.19. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $75.01 on volume of 4.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, iShares Dow Jones US Real Estate Index Fund has traded in a range of $65.88 to $85.80 and is now at $75.11, 14% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares Dow Jones US Real Estate Index Fund on October 4th, 2016 by issuing a Downtrend alert when the shares were trading at $78.45. Since that call, shares of iShares Dow Jones US Real Estate Index Fund have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ishares dow jones us real estate index fund

Ticker(s): IYR