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SmarTrend Watching for Potential Rebound in Shares of iShares MSCI South Korea Index Fund After 1.02% Loss

By James Quinn

iShares MSCI South Korea Index Fund (NYSE:EWY) traded in a range yesterday that spanned from a low of $52.23 to a high of $52.50. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $52.33 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in iShares MSCI South Korea Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI South Korea Index Fund in search of a potential trend change.

In the past 52 weeks, iShares MSCI South Korea Index Fund share prices have been bracketed by a low of $42.94 and a high of $61.75 and are now at $52.26, 22% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.67% higher over the past week, respectively.

Keywords: rebounders ishares msci south korea index fund

Ticker(s): EWY