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

By James Quinn

Today, shares of iShares MSCI EAFE Index Fund (NYSE:EFA) have crossed bearishly below their 10-day moving average of $60.33 on a volume of 5.3 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.

iShares MSCI EAFE Index Fund share prices have moved between a 52-week high of $68.51 and a 52-week low of $55.88 and are now trading 8% above that low price at $60.19 per share. The 200-day and 50-day moving averages have moved 0.04% lower and 0.15% 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