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Bullish Moving Average Cross by iShares MSCI Brazil Index Fund (EWZ)

By David Diaz

Today, shares of iShares MSCI Brazil Index Fund (NYSE:EWZ) have crossed bullishly above their 10-day moving average of $27.44 on a volume of 3.6 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.

iShares MSCI Brazil Index Fund share prices have moved between a 52-week high of $37.35 and a 52-week low of $17.30 and are now trading 60% above that low price at $27.59 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for iShares MSCI Brazil Index Fund and will alert subscribers who have EWZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ishares msci brazil index fund

Ticker(s): EWZ