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

By James Quinn

Today, shares of iShares Russell 2000 Value Index Fund (AMEX:IWN) have fallen below their 10-day MA of $102.88 on a volume of 166K 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 $105.42 and are now at $102.68, 31% 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 recommended that subscribers consider buying shares of iShares Russell 2000 Value Index Fund on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.19. Since that recommendation, shares of iShares Russell 2000 Value Index Fund have risen 4.1%. 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