Bearish Moving Average Cross by iShares Russell 2000 Index Fund (IWM)
iShares Russell 2000 Index Fund (AMEX:IWM) shares have crossed bearishly below their 10-day moving average of $113.28 on a volume of 6.7 million shares. Swing traders may find 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 2000 Index Fund have traded between a low of $93.64 and a high of $129.10 and are now at $113.00, which is 21% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.8%.
SmarTrend is monitoring the recent change of momentum in iShares Russell 2000 Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Russell 2000 Index Fund in search of a potential trend change.
Keywords: moving crosses amex:iwm ishares russell 2000 index fund