Bearish Moving Average Cross by iShares MSCI EAFE Index Fund (EFA)
Today, shares of iShares MSCI EAFE Index Fund (NYSE:EFA) have crossed bearishly below their 10-day moving average of $60.68 on a volume of 6.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, iShares MSCI EAFE Index Fund has traded in a range of $47.29 to $64.14 and is now at $60.42, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.3%.
SmarTrend is monitoring the recent change of momentum in iShares MSCI EAFE Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI EAFE Index Fund in search of a potential trend change.
Keywords: moving crosses ishares msci eafe index fund