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

By Shiri Gupta

Today, shares of iShares Russell 2000 Value Index Fund (AMEX:IWN) have fallen below their 10-day MA of $96.32 on a volume of 625K 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.

iShares Russell 2000 Value Index Fund share prices have moved between a 52-week high of $98.73 and a 52-week low of $73.63 and are now trading 31% above that low price at $96.12 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 2000 Value Index Fund on September 11th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.41. Since that recommendation, shares of iShares Russell 2000 Value Index Fund have risen 6.9%. We continue to monitor IWN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): IWN