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

By David Diaz

iShares S&P MidCap 400 Index Fund (NYSE:IJH) crossed under its 10-day moving average of $156.87 on a volume of 337K 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.

Over the past year, iShares S&P MidCap 400 Index Fund has traded in a range of $109.03 to $158.19 and is now at $155.06, 42% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

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