Bullish Moving Average Cross by iShares Barclays TIPS Bond Fund (TIP)
Today, shares of iShares Barclays TIPS Bond Fund (NYSE:TIP) have crossed bullishly above their 10-day moving average of $114.17 on a volume of 109K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, iShares Barclays TIPS Bond Fund has traded in a range of $108.98 to $115.42 and is now at $114.28, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for iShares Barclays TIPS Bond Fund and will alert subscribers who have TIP in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses ishares barclays tips bond fund