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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 $102.84 on a volume of 136K 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 $86.57 and a high of $105.12 and are now at $102.52, 18% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 2000 Value Index Fund on June 5th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.51. Since that recommendation, shares of iShares Russell 2000 Value Index Fund have risen 4.2%. 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