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Bearish Moving Average Cross by iShares S&P 500 Index Fund (IVV)

By David Diaz

Today, shares of iShares S&P 500 Index Fund (NYSE:IVV) have fallen below their 10-day MA of $219.58 on a volume of 274K 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 S&P 500 Index Fund share prices have moved between a 52-week high of $220.76 and a 52-week low of $147.21 and are now trading 49% above that low price at $219.22 per share. Over the last five market days, 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 500 Index Fund on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $213.07. Since that recommendation, shares of iShares S&P 500 Index Fund have risen 3.3%. We continue to monitor IVV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares s&p 500 index fund

Ticker(s): IVV