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SmarTrend Watching for Potential Pullback in Shares of iShares S&P Latin America 40 Index Fund After 1.48% Gain

By Shiri Gupta

iShares S&P Latin America 40 Index Fund (AMEX:ILF) traded in a range yesterday that spanned from a low of $31.24 to a high of $31.91. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $31.88 on volume of 975,000 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 Latin America 40 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 Latin America 40 Index Fund in search of a potential trend change.

In the past 52 weeks, iShares S&P Latin America 40 Index Fund share prices have been bracketed by a low of $17.97 and a high of $33.05 and are now at $31.83, 77% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 0.3%.

Keywords: rebounders amex:ilf ishares s&p latin america 40 index fund

Ticker(s): ILF