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

By David Diaz

Today, shares of iShares MSCI ACWI Index Fund (NASDAQ:ACWI) have fallen below their 10-day MA of $66.27 on a volume of 1.0 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, shares of iShares MSCI ACWI Index Fund have traded between a low of $49.04 and a high of $66.73 and are now at $65.67, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI ACWI Index Fund on December 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.55. Since that recommendation, shares of iShares MSCI ACWI Index Fund have risen 11.9%. We continue to monitor ACWI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares msci acwi index fund

Ticker(s): ACWI