IYC Makes Bullish Cross Above Critical Moving Average

The iShares U.S. Consumer Discretionary ETF (IYC) crossed above its 200-day moving average of $102.56 and traded as high as $104.00, a technical breakout of about 1.4% above that level. The ETF was also up roughly 1.3% intraday, signaling improving momentum and a modestly constructive tone for the consumer discretionary sector.

Analysis

The iShares U.S. Consumer Discretionary ETF (IYC) crossed above its 200-day moving average of $102.56 and traded as high as $104.00, a technical breakout of about 1.4% above that level. The ETF was also up roughly 1.3% intraday, signaling improving momentum and a modestly constructive tone for the consumer discretionary sector.