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June 04, 2023
A quick look at Friday: after finishing Thursday at $88.84, iShares MSCI USA Value Factor ETF went up to $90.65 before paring its losses and closing at $90.42.
IShares MSCI USA Value Factor ETF made an initial breakout above its 50 day Simple Moving Average at $90.38, a potential indicator of a newly emerging bullish phase. Despite this, iShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $90.6, this is a slight indication of a slowdown. IShares MSCI USA Value Factor ETF could be slowing down soon as it approaches resistance at $90.96. Of course, crossing it might suggest further gains are ahead.
According to technical analysis, it looks as if iShares MSCI USA Value Factor ETF likely to continue pointing upward in the short term.
Other markets are also showing gains as Caterpillar shoots up 8.4% Friday and closed at $209.07. Toyota went up by 3.8% Friday, and closed at $146.
At the same time, after ending Friday's session at $35.72, Verizon lost $1.14 and is trading around $34.58.
Elsewhere, United States Services PMI figure is projected at 55.1. It previously stood at 53.6; data will be released tomorrow at 13:45 UTC. United States ISM Non-Manufacturing PMI (May) is expected tomorrow at 14:00 UTC.
IShares MSCI USA Value Factor ETF has shed 5.52% over the past three months.
