Bearish Moving Average Cross by iShares S&P MidCap 400 Index Fund (IJH)
Today, shares of iShares S&P MidCap 400 Index Fund (NYSE:IJH) have crossed bearishly below their 10-day moving average of $150.70 on a volume of 253K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of iShares S&P MidCap 400 Index Fund have traded between a low of $109.03 and a high of $155.13 and are now at $150.20, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.07% lower and 0.79% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of iShares S&P MidCap 400 Index Fund on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $135.07. Since that recommendation, shares of iShares S&P MidCap 400 Index Fund have risen 12.7%. We continue to monitor IJH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares s&p midcap 400 index fund