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

Written on Wed, 11/28/2012 - 11:44am
By James Quinn

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) shares have crossed bearishly below their 10-day moving average of $41.02 on a volume of 9.7 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 $36.48 to $44.91 and is now at $40.92, 12% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant 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

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