LTN Trend Alert: iShares Gold Trust (NYSEARCA:IAU) moved above its 200-Day Moving Average
During Wednesday's trading session, shares of IAU moved up 0.17(1.05%) to 16.12.
IAU traded between the range of 15.91 - 16.13.
Wednesday's trading activities for iShares Gold Trust stock may be an indication that the shares will continue to head higher in the near future assuming the moving average maintains an upward slope.
Support and Resistance analysis should be used for potential market entry and exit.
Based on the pivot points, the current Support and Resistance levels for iShares Gold Trust are 15.83 and 16.34 respectively.
As long as the shares remain in this trading range, the stock will continue to move sideways.
iShares Gold Trust is part of the financial sector and exchange traded fund industry and has market cap of 6.16-B.
Recent performance indicators show that the stock has gained 3.71% within the last month.
LTN Analysis Overall Short Intermediate Long
Bullish (0.44) Very Bullish (0.55) Bullish (0.46) Bullish (0.31)
Recent CandleStick Analysis Bullish
20 Aug 2012 Bullish Engulfing
Direction Date Range
up 21 Aug 2012 15.8 to 15.93
Support and Resistance
Type Value Conf.
resist. 16.68 2
resist. 16.50 3
resist. 16.34 5
resist. 16.27 2
resist. 16.13 2
supp 16.01 5
supp 15.83 26
supp 15.64 4
supp 15.52 10
supp 15.36 2
supp 15.31 2
supp 15.17 4
supp 15.00 4
Ind. Short Inter Long
EMA VBu VBu VBu
MACD VBu VBu VBu
Fibs Be Bu Bu
Highs N N VBe
Lows VBu Bu Bu
Trends Bu N N
VBu=Very Bullish, Bu=Bullish
Be=Bearish, VBe=Very Bearish
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.