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Bullish Moving Average Cross by iShares MSCI EAFE Index Fund (EFA)

By David Diaz

Today, shares of iShares MSCI EAFE Index Fund (NYSE:EFA) have crossed bullishly above their 10-day moving average of $59.88 on a volume of 2.1 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.

In the past 52 weeks, iShares MSCI EAFE Index Fund share prices have been bracketed by a low of $58.29 and a high of $70.79 and are now at $60.32, 3% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares MSCI EAFE Index Fund on December 10th, 2014 by issuing a Downtrend alert when the shares were trading at $62.53. Since that call, shares of iShares MSCI EAFE Index Fund have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ishares msci eafe index fund

Ticker(s): EFA