Russell 3000 ETF: 96% buy volume, but trend cools
iShares Russell 3000 ETF gains 1% on record buy volume, but the trend cools
Russell 3000 ETF: 96% buy volume, but trend cools
Our view last week
iShares Russell 3000 ETF is in week 12 of an open buy trade, up 9.97% since entry. The model's 3 statistical targets have already been hit, and the stop now trails the Inversion Point, in the 414.6 area. The picture stays unconvincing, though: signal strength is weak and the ETF holds a low ranking among open US stock Longs.
This week's summary
iShares Russell 3000 ETF closes the week with 96% of volume on the buy side, a sharp jump after choppier weeks, while price is up just 1%. The weekly technical picture shows a trend losing steam — ADX and momentum have fallen for a fourth straight week — and price is boxed between a cluster of levels close together. The trade is 13 weeks old, with the gain climbing further to 11.08% from last week's 9.97%.
IQS Phase
69
in tension
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#112 / 129
US stocks in progress
Trade P&L %
+11.08%
from signal to today
restricted Platinum content