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SmarTrend Watching for Potential Pullback in Shares of iShares S&P 500 Index Fund After 1.00% Gain

By David Diaz

iShares S&P 500 Index Fund (NYSE:IVV) traded in a range yesterday that spanned from a low of $207.74 to a high of $209.98. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $208.10 on volume of 2.3 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 is monitoring the recent change of momentum in iShares S&P 500 Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares S&P 500 Index Fund in search of a potential trend change.

In the past 52 weeks, shares of iShares S&P 500 Index Fund have traded between a low of $147.21 and a high of $215.23 and are now at $209.25, which is 42% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.51% higher over the past week, respectively.

Keywords: rebounders ishares s&p 500 index fund

Ticker(s): IVV