• Return to Headlines

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

By James Quinn

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) crossed under its 10-day moving average of $42.63 on a volume of 29.1 million shares. This may provide swing traders with 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 $42.07, 13% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

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