IWM Reaches Its 52-Week High

IWM

We have cautioned that we’d like to see the iShares Russell 2000 Index ETF (IWM) to confirm the rally in U.S. equities. IWM today reached its 52-week high, which acts as a resistance level. A decisive move above this level would be a welcome bullish sign for U.S. equities.

 

Technical analysis screens are provided by FidelitySignal.com 

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