SmarTrend Watching for Potential Rebound in Shares of iShares Barclays 20+ Year Treasury Bond Fund After 1.29% Loss
iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $130.06 to a high of $131.07. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $131.99 on volume of 5.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
iShares Barclays 20+ Year Treasury Bond Fund share prices have moved between a 52-week high of $143.62 and a 52-week low of $112.73 and are now trading 16% above that low price at $130.55 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.
SmarTrend is tracking the current trend status for iShares Barclays 20+ Year Treasury Bond Fund and will alert subscribers who have TLT in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders amex:tlt ishares barclays 20+ year treasury bond fund