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Watch for iShares Dow Jones US Homenstruction Index Fund to Potentially Pullback After Gaining 1.50% Yesterday

By Amy Schwartz

iShares Dow Jones US Homenstruction Index Fund (NYSE:ITB) traded in a range yesterday that spanned from a low of $28.57 to a high of $29.17. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $29.02 on volume of 1.6 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 tracking the current trend status for iShares Dow Jones US Homenstruction Index Fund and will alert subscribers who have ITB in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of iShares Dow Jones US Homenstruction Index Fund have traded between a low of $21.61 and a high of $30.00 and are now at $29.14, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.08% lower and 0.83% higher over the past week, respectively.

Keywords: rebounders ishares dow jones us homenstruction index fund

Ticker(s): ITB