Bearish Moving Average Cross by iShares Russell 1000 Value Index (IWD)
Today, shares of iShares Russell 1000 Value Index (AMEX:IWD) have crossed bearishly below their 10-day moving average of $101.41 on a volume of 317K 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.
In the past 52 weeks, shares of iShares Russell 1000 Value Index have traded between a low of $86.15 and a high of $106.49 and are now at $100.15, which is 16% above that low price. 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