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Watch for iShares MSCI Emerging Markets Index Fund/United States to Potentially Pullback After Gaining 2.09% Yesterday

By David Diaz

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) traded in a range yesterday that spanned from a low of $33.89 to a high of $34.08. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $33.59 on volume of 41.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

iShares MSCI Emerging Markets Index Fund/United States share prices have moved between a 52-week high of $43.46 and a 52-week low of $27.61 and are now trading 23% above that low price at $33.99 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for iShares MSCI Emerging Markets Index Fund/United States and will alert subscribers who have EEM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ishares msci emerging markets index fund/united states

Ticker(s): EEM