VLUE falls back to $91.77 after shedding 1.07% today

A quick look at today: a tough session dominated by bearish sentiment left VLUE 99 cents lower, while setting a $91.44 to $92.14 session range.

IShares MSCI USA Value Factor ETF is currently trading at $91.77 following the release of Existing Home Sales (Mar) data from the United States.

Initial Jobless Claims in United States fell short of market expectations (240,000) with a reading of 245,000, continuing the decline from the previous figure of 240,000.

Amid the market gloom, United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) released today at 12:30 UTC with a figure of -31.3, while the previous figure was -23.2.

IShares MSCI USA Value Factor ETF pushed below the $91.75 support level and extended 2 cents beyond it. IShares MSCI USA Value Factor ETF made an initial break below its 21 day Simple Moving Average at $91.65, a possible indication of a forthcoming negative trend.

Several technical indicators are adding weight to the bearish momentum seen today and forecasting iShares MSCI USA Value Factor ETF to extend its recent losses.

In the meantime, negative performances are also seen in other markets, AT&T is down to $17.65, losing $2.05, after ending the previous session around $19.7. Philip Morris International is down to $96.71, losing $4.8, after ending the previous session around $101.51. After ending today's session at $38.6, Verizon lost $1.41 and is trading around $37.19.

IShares MSCI USA Value Factor ETF is up 13.32% from the significant low of $81.86 it hit 6 months ago.