iShares 7-10 Year Treasury Bond (IEF)

iShares 7-10 Year Treasury Bond is trading at $92.93, up 0.10% on the session. The 50 day average sits at $93.68 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 45.8, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $92.76 with resistance near $93.33, so that band frames the current range. Average daily movement is roughly $0.36, or about 0.4% of the share price, which is what any stop placement has to allow for. The overall health score of 60 out of 100 combines a trend score of 32, momentum of 65 and a risk score of 96.

The underlying index consists of publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to seven years and less than ten years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System (the “Fed”). The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the underlying index.