Bearish Moving Average Cross by iShares Dow Jones Select Dividend Index Fund (DVY)
iShares Dow Jones Select Dividend Index Fund (NYSE:DVY) shares have crossed bearishly below their 10-day moving average of $81.80 on a volume of 151K 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, shares of iShares Dow Jones Select Dividend Index Fund have traded between a low of $48.00 and a high of $82.77 and are now at $81.64, which is 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones Select Dividend Index Fund on October 16th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.21. Since that recommendation, shares of iShares Dow Jones Select Dividend Index Fund have risen 8.2%. We continue to monitor DVY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares dow jones select dividend index fund