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

By Amy Schwartz

Today, shares of iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) have fallen below their 10-day MA of $33.85 on a volume of 22.8 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

iShares MSCI Emerging Markets Index Fund/United States share prices have moved between a 52-week high of $44.19 and a 52-week low of $27.61 and are now trading 22% above that low price at $33.63 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Emerging Markets Index Fund/United States on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.33. Since that recommendation, shares of iShares MSCI Emerging Markets Index Fund/United States have risen 12.9%. 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