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SmarTrend Watching for Potential Pullback in Shares of iShares MSCI Mexico Investable Market Index Fund After 1.34% Gain

By Shiri Gupta

iShares MSCI Mexico Investable Market Index Fund (AMEX:EWW) traded in a range yesterday that spanned from a low of $50.07 to a high of $50.79. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $50.26 on volume of 1.3 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 MSCI Mexico Investable Market Index Fund on February 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.40. Since that recommendation, shares of iShares MSCI Mexico Investable Market Index Fund have risen 10.3%. We continue to monitor EWW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, iShares MSCI Mexico Investable Market Index Fund share prices have been bracketed by a low of $41.23 and a high of $60.92 and are now at $50.70, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

Keywords: rebounders amex:eww ishares msci mexico investable market index fund

Ticker(s): EWW