• Return to Headlines

Bullish Moving Average Cross by iShares Dow Jones US Energy Sector Index Fund (IYE)

By Amy Schwartz

iShares Dow Jones US Energy Sector Index Fund (NYSE:IYE) shares have crossed bullishly above their 10-day moving average of $37.05 on a volume of 120K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of iShares Dow Jones US Energy Sector Index Fund have traded between a low of $28.08 and a high of $47.19 and are now at $37.26, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares Dow Jones US Energy Sector Index Fund on January 30th, 2017 by issuing a Downtrend alert when the shares were trading at $40.36. Since that call, shares of iShares Dow Jones US Energy Sector Index Fund have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ishares dow jones us energy sector index fund

Ticker(s): IYE