Bearish Moving Average Cross by iShares Russell 1000 Value Index (IWD)
iShares Russell 1000 Value Index (AMEX:IWD) crossed under its 10-day moving average of $104.39 on a volume of 354K 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 Russell 1000 Value Index has traded in a range of $86.15 to $107.47 and is now at $103.91, 21% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend is tracking the current trend status for iShares Russell 1000 Value Index and will alert subscribers who have IWD in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses amex:iwd ishares russell 1000 value index