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Bearish Moving Average Cross by iShares Russell 2000 Growth Index Fund (IWO)

By Amy Schwartz

iShares Russell 2000 Growth Index Fund (AMEX:IWO) shares have crossed bearishly below their 10-day moving average of $164.57 on a volume of 159K 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 2000 Growth Index Fund has traded in a range of $111.51 to $167.10 and is now at $163.37, 47% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 2000 Growth Index Fund on December 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $156.98. Since that recommendation, shares of iShares Russell 2000 Growth Index Fund have risen 5.5%. We continue to monitor IWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:iwo ishares russell 2000 growth index fund

Ticker(s): IWO