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Bearish Moving Average Cross by iShares MSCI Emerging Markets Index Fund/United States (EEM)

By David Diaz

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) crossed under its 10-day moving average of $39.26 on a volume of 48.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of iShares MSCI Emerging Markets Index Fund/United States have traded between a low of $36.16 and a high of $44.43 and are now at $39.15, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for iShares MSCI Emerging Markets Index Fund/United States and will alert subscribers who have EEM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ishares msci emerging markets index fund/united states

Ticker(s): EEM