Bearish Moving Average Cross by iShares Russell 2000 Growth Index Fund (IWO)
Today, shares of iShares Russell 2000 Growth Index Fund (AMEX:IWO) have fallen below their 10-day MA of $148.33 on a volume of 143K shares. This may provide short-term investors a chance 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 2000 Growth Index Fund have traded between a low of $111.51 and a high of $159.71 and are now at $147.52, which is 32% above that low price. 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 July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $139.48. Since that recommendation, shares of iShares Russell 2000 Growth Index Fund have risen 7.3%. 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