Tuesday, May 17, 2011

Small-Cap ETFs Tumble Through 50-Day Average

John Spence submits:

Exchange traded funds that invest in small-cap stocks have fallen through their 50-day moving average in this week?s selling, breaching a key technical level. However, they rallied back from a similar setback in March.

The $16 billion iShares Russell 2000 (IWM), an ETF tracking a popular index of U.S. small caps, traded lower Tuesday.

Small-cap stocks have led the way during the rally from the March 2009 bottom. In fact, U.S.


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