SmarTrend identified an Uptrend for iShares Dow Jones US Basic Materials Sector Index Fund (NYSE:IYM) on February 16, 2010 at $58.52. In approximately 3 weeks, iShares Dow Jones US Basic Materials Sector Index Fund has returned 8.2% as of today's recent price of $63.32.
iShares Dow Jones US Basic Materials Sector Index Fund is currently above its 50-day moving average of $59.57 and above its 200-day moving average of $53.72. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of iShares Dow Jones US Basic Materials Sector Index Fund shares.
Keywords: Stock research report chart fundamental technical analysis
Ticker(s): IYM
