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Bullish Moving Average Cross by iShares FTSE (FXI)

By David Diaz

iShares FTSE (NYSE:FXI) shares have crossed bullishly above their 10-day moving average of $33.27 on a volume of 6.6 million 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.

iShares FTSE share prices have moved between a 52-week high of $52.37 and a 52-week low of $28.10 and are now trading 20% above that low price at $33.74 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.6%.

SmarTrend is monitoring the recent change of momentum in iShares FTSE. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares FTSE in search of a potential trend change.

Keywords: moving crosses ishares ftse

Ticker(s): FXI