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Watch for iShares Dow Jones US Real Estate Index Fund to Potentially Pullback After Gaining 1.17% Yesterday

By Amy Schwartz

iShares Dow Jones US Real Estate Index Fund (NYSE:IYR) traded in a range yesterday that spanned from a low of $79.57 to a high of $80.17. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $79.40 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, iShares Dow Jones US Real Estate Index Fund has traded in a range of $65.88 to $85.80 and is now at $80.00, 21% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for iShares Dow Jones US Real Estate Index Fund and will alert subscribers who have IYR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ishares dow jones us real estate index fund

Ticker(s): IYR