Watch for iShares Barclays 20+ Year Treasury Bond Fund to Potentially Pullback After Gaining 1.66% Yesterday
iShares Barclays 20+ Year Treasury Bond Fund (AMEX:TLT) traded in a range yesterday that spanned from a low of $129.36 to a high of $130.02. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $129.71 on volume of 3.9 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.
In the past 52 weeks, iShares Barclays 20+ Year Treasury Bond Fund share prices have been bracketed by a low of $112.73 and a high of $138.50 and are now at $129.75, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
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