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

By Nick Russo

Today, shares of iShares Russell 2000 Value Index Fund (AMEX:IWN) have crossed bearishly below their 10-day moving average of $115.93 on a volume of 138K 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, iShares Russell 2000 Value Index Fund share prices have been bracketed by a low of $78.56 and a high of $122.47 and are now at $115.71, 47% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 0.84% higher 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