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Bearish Moving Average Cross by iShares S&P MidCap 400 Index Fund (IJH)

By Nick Russo

Today, shares of iShares S&P MidCap 400 Index Fund (NYSE:IJH) have crossed bearishly below their 10-day moving average of $171.21 on a volume of 270K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, iShares S&P MidCap 400 Index Fund has traded in a range of $109.03 to $175.72 and is now at $170.24, 56% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for iShares S&P MidCap 400 Index Fund and will alert subscribers who have IJH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ishares s&p midcap 400 index fund

Ticker(s): IJH