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

By David Diaz

Today, shares of iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) have fallen below their 10-day MA of $41.63 on a volume of 80.5 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 $36.16 to $44.43 and is now at $40.92, 13% 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 0.6%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Emerging Markets Index Fund/United States on March 6th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.02. Since that recommendation, shares of iShares MSCI Emerging Markets Index Fund/United States have risen 4.3%. 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