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Bearish Moving Average Cross by iShares S&P SmallCap 600 Index Fund (IJR)

By Nick Russo

Today, shares of iShares S&P SmallCap 600 Index Fund (NYSE:IJR) have fallen below their 10-day MA of $123.73 on a volume of 154K 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 SmallCap 600 Index Fund have traded between a low of $77.53 and a high of $125.84 and are now at $123.62, which is 59% above that low price. 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 recommended that subscribers consider buying shares of iShares S&P SmallCap 600 Index Fund on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.63. Since that recommendation, shares of iShares S&P SmallCap 600 Index Fund have risen 5.6%. We continue to monitor IJR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares s&p smallcap 600 index fund

Ticker(s): IJR