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

By Amy Schwartz

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) shares have crossed bearishly below their 10-day moving average of $43.39 on a volume of 12.0 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 Emerging Markets Index Fund/United States has traded in a range of $37.22 to $45.85 and is now at $43.05, 16% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Emerging Markets Index Fund/United States on April 1st, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.52. Since that recommendation, shares of iShares MSCI Emerging Markets Index Fund/United States have risen 7.5%. We continue to monitor EEM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): EEM