For almost a year, shares of the iShares Russell 2000 ETF (IWM) have been in a narrow trading range, but that may have changed. IWM has broken out of the range and may be poised to trade higher.
The bottom of the range was around $211. Each time IWM trended lower to this level, the buyers overpowered the sellers. This put an end to the sell-off and a rebound followed.
