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Bearish Moving Average Cross by iShares MSCI Canada Index Fund (EWC)

By Nick Russo

iShares MSCI Canada Index Fund (AMEX:EWC) crossed under its 10-day moving average of $26.44 on a volume of 506K 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.

iShares MSCI Canada Index Fund share prices have moved between a 52-week high of $29.51 and a 52-week low of $18.07 and are now trading 45% above that low price at $26.17 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

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

Keywords: moving crosses amex:ewc ishares msci canada index fund

Ticker(s): EWC