Bearish Moving Average Cross by iShares MSCI South Korea Index Fund (EWY)
Today, shares of iShares MSCI South Korea Index Fund (NYSE:EWY) have fallen below their 10-day MA of $57.93 on a volume of 705K 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 South Korea Index Fund has traded in a range of $42.94 to $61.75 and is now at $57.61, 34% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.
SmarTrend is monitoring the recent change of momentum in iShares MSCI South Korea Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI South Korea Index Fund in search of a potential trend change.
Keywords: moving crosses ishares msci south korea index fund