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Bearish Moving Average Cross by iShares MSCI EAFE Index Fund (EFA)

By Shiri Gupta

iShares MSCI EAFE Index Fund (NYSE:EFA) shares have crossed bearishly below their 10-day moving average of $66.09 on a volume of 6.6 million 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 EAFE Index Fund share prices have been bracketed by a low of $62.28 and a high of $70.79 and are now at $65.97, 6% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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

Keywords: moving crosses ishares msci eafe index fund

Ticker(s): EFA