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Bearish Moving Average Cross by iShares MSCI ACWI Index Fund (ACWI)

By Amy Schwartz

iShares MSCI ACWI Index Fund (NASDAQ:ACWI) shares have crossed bearishly below their 10-day moving average of $56.15 on a volume of 516K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, iShares MSCI ACWI Index Fund share prices have been bracketed by a low of $50.37 and a high of $63.08 and are now at $56.04, 11% above that low price. The 200-day and 50-day moving averages have moved 0.08% lower and 0.11% lower over the past week, respectively.

SmarTrend is tracking the current trend status for iShares MSCI ACWI Index Fund and will alert subscribers who have ACWI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ishares msci acwi index fund

Ticker(s): ACWI