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Bullish Moving Average Cross by iShares FTSE (FXI)

By James Quinn

iShares FTSE (NYSE:FXI) shares have crossed bullishly above their 10-day moving average of $35.26 on a volume of 10.7 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, iShares FTSE has traded in a range of $31.35 to $40.32 and is now at $35.53, 13% above that low. The 200-day and 50-day moving averages have moved 0.11% lower and 0.47% lower over the past week, respectively.

SmarTrend is tracking the current trend status for iShares FTSE and will alert subscribers who have FXI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ishares ftse

Ticker(s): FXI