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

By Shiri Gupta

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) shares have crossed bearishly below their 10-day moving average of $34.48 on a volume of 14.3 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, iShares MSCI Emerging Markets Index Fund/United States has traded in a range of $30.00 to $44.19 and is now at $34.13, 14% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in iShares MSCI Emerging Markets Index Fund/United States. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI Emerging Markets Index Fund/United States in search of a potential trend change.

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

Ticker(s): EEM