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TMCNet:  Shares of iShares MSCI Switzerland Index Fund Down on Above Average Volume, Moving Against Trend (EWL)

[February 04, 2013]

Shares of iShares MSCI Switzerland Index Fund Down on Above Average Volume, Moving Against Trend (EWL)

Feb 04, 2013 (SmarTrend(R) News Watch via COMTEX) -- iShares MSCI Switzerland Index Fund's stock is down 1.2% to $28.66 on heavy trading volume. Approximately 1.1 million shares have changed hands today vs. average 30-day volume of 475,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.


SmarTrend recommended that subscribers consider buying shares of iShares MSCI Switzerland Index Fund on November 30th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.18. Since that recommendation, shares of iShares MSCI Switzerland Index Fund have risen 10.7%. We continue to monitor EWL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, iShares MSCI Switzerland Index Fund has traded in a range of $21.69 to $29.15 and is now at $28.73, 32% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.4%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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