Watch for iShares MSCI Emerging Markets Index Fund/United States to Potentially Rebound After Falling 2.38% Yesterday
iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) traded in a range yesterday that spanned from a low of $33.36 to a high of $33.71. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $34.11 on volume of 57.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend recommended that subscribers consider buying shares of iShares MSCI Emerging Markets Index Fund/United States on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.33. Since that recommendation, shares of iShares MSCI Emerging Markets Index Fund/United States have risen 13.1%. We continue to monitor EEM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of iShares MSCI Emerging Markets Index Fund/United States have traded between a low of $27.61 and a high of $43.46 and are now at $33.49, which is 21% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 0.73% higher over the past week, respectively.
Keywords: rebounders ishares msci emerging markets index fund/united states