Bearish Moving Average Cross by WisdomTree India Earnings Fund (EPI)
WisdomTree India Earnings Fund (NYSE:EPI) shares have crossed bearishly below their 10-day moving average of $21.14 on a volume of 374K 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, WisdomTree India Earnings Fund share prices have been bracketed by a low of $16.55 and a high of $22.46 and are now at $20.96, 27% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.
SmarTrend recommended that subscribers consider buying shares of WisdomTree India Earnings Fund on June 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.22. Since that recommendation, shares of WisdomTree India Earnings Fund have risen 5.0%. We continue to monitor EPI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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