Published: Fri, April 21, 2017
Business | By Max Garcia

IShares MSCI EAFE Index Fund (EFA) Sees Significant Decrease in Short Interest

IShares MSCI EAFE Index Fund (EFA) Sees Significant Decrease in Short Interest

Traders will be watching closely to see if this momentum will continue or if a pullback is in order.

iShares MSCI United Kingdom Index (EWU) was downgraded to "underweight" by analysts at Citigroup. 7,438,079 shares of the company traded hands.

Active traders have a wide range of technical indicators at their disposal for when completing technical stock analysis.

Presently, HSBC MSCI RUSSIA CAPPED UCITS ETF (HRUD.L) has a 14-day Commodity Channel Index (CCI) of -104.51. Checking in on some other technical levels, the 14-day RSI is now at 68.3, the 7-day stands at 75.2, and the 3-day is sitting at 79.27. The RSI, or Relative Strength Index is a popular oscillating indicator first introduced by Welles Wilder. This range falls on a scale between 0 and 100. When the RSI line moves up, the stock may be strengthening. The opposite would be the case for a falling ADX line. A reading between 0 and -20 would indicate an overbought situation.

Receive iShares MSCI United Kingdom Index (EWU) News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI United Kingdom Index (EWU) with MarketBeat.com's FREE daily email newsletter. The CCI was developed by Donald Lambert. Contrary to the name, CCI can be used on any kind of security, not just commodities. Typically, if the value heads above -20, the stock may be considered to be overbought. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. It is important to note that the ADX alone measures trend strength but not trend direction. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A value of 25-50 would support a strong trend. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.

Investors may use various technical indicators to help spot trends and buy/sell signals.

iShares MSCI EAFE Index Fund (NYSE:EFA) was the target of some unusual options trading activity on Thursday. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Many investors will choose to measure price performance of a specific stock to that of different market indexes as a whole.

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