The iShares 20+ Year Treasury Bond ETF (TLT) is a quick way to get up-to-the-minute clues on the direction of U.S. interest rates with price and volume. With the latest Federal Reserve FOMC meeting fresh on everyone's mind let's check out the charts and indicators of the TLT.
In the daily bar chart of the TLT, below, we can see that the shares have rallied from around the middle of May. Prices have rallied above the 50-day moving average line and now the slope of the line is positive. The longer 200-day moving average line is still in a downward trend.
The trading volume shows a recent increase in volume but the On-Balance-Volume (OBV) line has been in a sideways trend since early April. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.