Watch for iShares MSCI Mexico Investable Market Index Fund to Potentially Rebound After Falling 1.13% Yesterday
iShares MSCI Mexico Investable Market Index Fund (AMEX:EWW) traded in a range yesterday that spanned from a low of $50.59 to a high of $51.36. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $50.77 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Over the past year, iShares MSCI Mexico Investable Market Index Fund has traded in a range of $43.17 to $60.92 and is now at $50.70, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.
SmarTrend is tracking the current trend status for iShares MSCI Mexico Investable Market Index Fund and will alert subscribers who have EWW in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders amex:eww ishares msci mexico investable market index fund