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iShares MSCI Brazil Index Fund Up 30.8% Since SmarTrend Uptrend Call (EWZ)

By James Quinn

SmarTrend identified an Uptrend for iShares MSCI Brazil Index Fund (NYSE:EWZ) on June 23rd, 2016 at $28.65. In approximately 4 months, iShares MSCI Brazil Index Fund has returned 30.77% as of today's recent price of $37.46.

Over the past year, iShares MSCI Brazil Index Fund has traded in a range of $17.30 to $37.67 and is now at $37.46, 117% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.4%.

iShares MSCI Brazil Index Fund is an exchange-traded fund in the USA. The Fund's objective is to provide investment results that correspond to the performance of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil (Free) Index. The Fund invests in a representative sample of index stocks using a "portfolio sampling" technique.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of iShares MSCI Brazil Index Fund shares.

Log in and add iShares MSCI Brazil Index Fund (EWZ) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights ishares msci brazil index fund

Ticker(s): EWZ