Watch for iShares Barclays 20+ Year Treasury Bond Fund to Potentially Pullback After Gaining 1.59% Yesterday
iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $141.70 to a high of $142.91. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $140.82 on volume of 4.5 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 Barclays 20+ Year Treasury Bond Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Barclays 20+ Year Treasury Bond Fund in search of a potential trend change.
Over the past year, iShares Barclays 20+ Year Treasury Bond Fund has traded in a range of $112.73 to $142.80 and is now at $142.80, 27% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.
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