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SmarTrend Watching for Potential Pullback in Shares of iShares FTSE After 1.33% Gain

By David Diaz

iShares FTSE (NYSE:FXI) traded in a range yesterday that spanned from a low of $39.47 to a high of $39.68. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $39.40 on volume of 11.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of iShares FTSE on January 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.29. Since that recommendation, shares of iShares FTSE have risen 7.9%. We continue to monitor FXI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

iShares FTSE share prices have moved between a 52-week high of $52.37 and a 52-week low of $28.10 and are now trading 41% above that low price at $39.66 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.6%.

Keywords: rebounders ishares ftse

Ticker(s): FXI