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Bearish Moving Average Cross by iShares Dow Jones International Select Dividend Index Fund (IDV)

By James Quinn

Today, shares of iShares Dow Jones International Select Dividend Index Fund (NYSE:IDV) have fallen below their 10-day MA of $31.26 on a volume of 116K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, iShares Dow Jones International Select Dividend Index Fund share prices have been bracketed by a low of $24.90 and a high of $36.00 and are now at $31.09, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones International Select Dividend Index Fund on December 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.98. Since that recommendation, shares of iShares Dow Jones International Select Dividend Index Fund have risen 4.7%. We continue to monitor IDV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares dow jones international select dividend index fund

Ticker(s): IDV