iShares Dow Jones U.S. Regional Banks (IAT) — This Exchange-Traded Fund (ETF) seeks to mirror the price and yield performance of the Dow Jones U.S. Select Regional Banks Index (DJSRBKT).

It topped off at more than $41 last September, finally reaching bottom at just under $11 on March 6. Since then it rallied along with the rest of the financial sector.

But in the past five of six trading days, IAT has closed above its 50-day moving average. This is a bullish sign and since the regional banks are generally considered to have fewer problems than the mega-banks and the dividend yield is high at 6.8%, IAT may turn out to be a good long-term investment.

And for traders, if the stock can continue to generate high volume, a breakout above $17.32 might result in a run to its 200-day moving average at just under $25.

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