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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 $55.47 on a volume of 416K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

iShares MSCI ACWI Index Fund share prices have moved between a 52-week high of $63.08 and a 52-week low of $49.04 and are now trading 13% above that low price at $55.20 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

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