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May 06, 2023
Yesterday at a glance: iShares MSCI USA Value Factor ETF closed yesterday at $89.86 (with a daily low of $89.04) after ending Thursday at $88.11 and gaining 2%.
IShares MSCI USA Value Factor ETF upside coincides with further encouraging market factors as highly important Average Hourly Earnings data from United States beat analyst expectations of 0.3% with a reading of 0.5%. Highly important Non Farm Payrolls data from United States beat analyst expectations of 180,000 with a reading of 253,000. Highly important Unemployment Rate data from United States beat analyst expectations of 3.6 with a reading of 3.4.
IShares MSCI USA Value Factor ETF made an initial breakout above its 5 day Simple Moving Average at $90.04, a potential indicator of a newly emerging bullish phase. In contrast, iShares MSCI USA Value Factor ETF could be slowing down soon; it is getting close to the resistance line and is now at $90.3, only 44 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Overall, looking at the technical analysis landscape, it seems iShares MSCI USA Value Factor ETF might continue pointing upwards in the short term.
Other markets are also showing gains as notably, Apple rose 4.69% yesterday and closed at $165.79. Walt Disney added 3.15% and closed around $97.45 yesterday. BHP Billiton went up by 4.49% yesterday, and closed at $60.79.
IShares MSCI USA Value Factor ETF has shed 7.67% over the past three months.
