Watch for iShares Dow Jones US Real Estate Index Fund to Potentially Rebound After Falling 1.11% Yesterday
iShares Dow Jones US Real Estate Index Fund (NYSE:IYR) traded in a range yesterday that spanned from a low of $82.62 to a high of $83.49. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $83.08 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, shares of iShares Dow Jones US Real Estate Index Fund have traded between a low of $65.88 and a high of $85.80 and are now at $82.71, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones US Real Estate Index Fund on June 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.32. Since that recommendation, shares of iShares Dow Jones US Real Estate Index Fund have risen 5.4%. We continue to monitor IYR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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