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Bearish Moving Average Cross by iShares Russell 2000 Value Index Fund (IWN)

By Shiri Gupta

iShares Russell 2000 Value Index Fund (AMEX:IWN) crossed under its 10-day moving average of $83.37 on a volume of 783K 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.

Over the past year, iShares Russell 2000 Value Index Fund has traded in a range of $78.56 to $105.42 and is now at $82.88, 5% above that low. The 200-day and 50-day moving averages have moved 0.29% lower and 0.66% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in iShares Russell 2000 Value 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 Value Index Fund in search of a potential trend change.

Keywords: moving crosses amex:iwn ishares russell 2000 value index fund

Ticker(s): IWN