Stock Picks – iShares S&P SmallCap 600 Value Index Fund-IJS

by Sam Collins | December 10, 2009 11:16 am

iShares S&P SmallCap 600 Value Index Fund (IJS[1]) – This exchange-traded fund (ETF) seeks to track the performance of the S&P SmallCap 600 Index (SML[2]).

IJS Chart

Chart Legend

Like its big brother, IJS put in a bottom in early November and another on Nov. 30. Those, plus the reversal from the 200-day moving average[3] in July, set the three points of an intermediate uptrend.

A pullback to the conjunction of the 20- and 50-day moving averages, now at just above $55, could be a good place to invest for a “January Effect” rally that, if successful, could break through the triple-top at $58 with a target north of $65.

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Links in this item:

IJS: http://studio-5.financialcontent.com/investplace/quote?Symbol=ijs
SML: http://studio-5.financialcontent.com/investplace/quote?Symbol=sml
moving average: http://www.optionszone.com/learn-more/chris-rowe/how-moving-averages-work.html
Get your free copy of “How to Find the Money-Doublers in Today’s Market” here.: http://www.optionszone.com/order/?sid=LF3270
: http://www.optionszone.com/order/?sid=LF3270

Source URL: http://www.investorplace.com/2009/12/stock-picks-ishares-spx-smallcap-600-value-index-fund-ijs/
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