Bearish Moving Average Cross by iShares Barclays TIPS Bond Fund (TIP)
iShares Barclays TIPS Bond Fund (NYSE:TIP) shares have crossed bearishly below their 10-day moving average of $114.98 on a volume of 196K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, iShares Barclays TIPS Bond Fund has traded in a range of $108.98 to $115.42 and is now at $114.74, 5% above that low. The 200-day and 50-day moving averages have moved 0.05% higher and 0.21% higher over the past week, respectively.
SmarTrend is tracking the current trend status for iShares Barclays TIPS Bond Fund and will alert subscribers who have TIP in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses ishares barclays tips bond fund