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Bullish Moving Average Cross by iShares FTSE (FXI)

By David Diaz

Today, shares of iShares FTSE (NYSE:FXI) have advanced above their 10-day MA of $35.60 on a volume of 7.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

iShares FTSE share prices have moved between a 52-week high of $52.85 and a 52-week low of $32.80 and are now trading 9% above that low price at $35.72 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares FTSE on May 7th, 2015 by issuing a Downtrend alert when the shares were trading at $49.10. Since that call, shares of iShares FTSE have fallen 27.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ishares ftse

Ticker(s): FXI