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SmarTrend Watching for Potential Pullback in Shares of iShares S&P 500 Index Fund After 1.21% Gain

By David Diaz

iShares S&P 500 Index Fund (NYSE:IVV) traded in a range yesterday that spanned from a low of $207.20 to a high of $208.90. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $207.16 on volume of 1.1 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, 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 $208.85, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for iShares S&P 500 Index Fund and will alert subscribers who have IVV in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ishares s&p 500 index fund

Ticker(s): IVV