Bearish Moving Average Cross by iShares Dow Jones US Real Estate Index Fund (IYR)
Today, shares of iShares Dow Jones US Real Estate Index Fund (NYSE:IYR) have crossed bearishly below their 10-day moving average of $78.85 on a volume of 2.3 million 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 US Real Estate Index Fund share prices have been bracketed by a low of $65.88 and a high of $80.53 and are now at $78.21, 19% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones US Real Estate Index Fund on February 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.67. Since that recommendation, shares of iShares Dow Jones US Real Estate Index Fund have risen 13.8%. We continue to monitor IYR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares dow jones us real estate index fund