Bearish Moving Average Cross by iShares S&P 100 Index Fund (OEF)
Today, shares of iShares S&P 100 Index Fund (AMEX:OEF) have fallen below their 10-day MA of $95.65 on a volume of 196K 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 S&P 100 Index Fund share prices have been bracketed by a low of $71.52 and a high of $97.42 and are now at $95.24, 33% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of iShares S&P 100 Index Fund on July 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.12. Since that recommendation, shares of iShares S&P 100 Index Fund have risen 3.5%. We continue to monitor OEF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:oef ishares s&p 100 index fund