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

By James Quinn

iShares MSCI EAFE Index Fund (NYSE:EFA) crossed under its 10-day moving average of $57.97 on a volume of 2.6 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.

Over the past year, iShares MSCI EAFE Index Fund has traded in a range of $50.94 to $68.51 and is now at $57.84, 14% above that low. The 200-day and 50-day moving averages have moved 0.25% lower and 0.56% higher over the past week, respectively.

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