(IYT) iShares Transportation - Ratings and Ratios

The iShares Transportation Average ETF (BATS:IYT) is an exchange-traded fund that focuses on investing in the transportation sector of the U.S. equity market, with a minimum of 80% of its assets allocated to the component securities of its underlying index, as defined by S&P Dow Jones Indices LLC. This fund is categorized under the Industrials sector and is listed on the BATS exchange.

The underlying index tracks the performance of companies within the transportation sector, providing a benchmark for the funds investment strategy. As a non-diversified fund, IYT may have a higher concentration of assets in a smaller number of holdings, potentially increasing its exposure to market volatility. For more information on the fund and its management, investors can visit the iShares website at http://www.ishares.com.

Analyzing the funds recent performance, we observe that it has been trading around its 50-day Simple Moving Average (SMA50) of $62.99, with the last price recorded at $62.29. The 20-day Simple Moving Average (SMA20) is $60.37, indicating a recent upward trend. However, the 200-day Simple Moving Average (SMA200) stands at $67.30, suggesting that the fund is currently trading below its longer-term average. The Average True Range (ATR) is 2.24, equivalent to 3.60% of the last price, indicating moderate volatility.

By combining technical and fundamental data, we can forecast the potential future performance of IYT. With an Assets Under Management (AUM) of $576.54M USD, the fund has a significant presence in the market. Considering the current technical indicators, if the fund manages to break above its SMA50 and sustain the upward momentum, it may target the 52-week high of $74.98. Conversely, a decline below the SMA20 could signal a further correction towards the 52-week low of $55.22. Therefore, investors should closely monitor the funds price action and adjust their strategies accordingly.

Based on the available data, a potential trading strategy could involve monitoring the funds price movement relative to its SMA20 and SMA50. A bullish crossover, where the SMA20 exceeds the SMA50, could be a buy signal, while a bearish crossover might indicate a sell opportunity. Additionally, investors should keep an eye on the overall market trends and the performance of the transportation sector to make informed decisions.