Bearish Moving Average Cross by iShares MSCI Pacific ex-Japan Index Fund (EPP)
Today, shares of iShares MSCI Pacific ex-Japan Index Fund (AMEX:EPP) have fallen below their 10-day MA of $41.82 on a volume of 164K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, iShares MSCI Pacific ex-Japan Index Fund share prices have been bracketed by a low of $32.77 and a high of $47.95 and are now at $41.63, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of iShares MSCI Pacific ex-Japan Index Fund on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.59. Since that recommendation, shares of iShares MSCI Pacific ex-Japan Index Fund have risen 3.3%. We continue to monitor EPP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:epp ishares msci pacific ex-japan index fund