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Bullish Moving Average Cross by iShares MSCI Emerging Markets Index Fund/United States (EEM)

By Shiri Gupta

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) crossed over its 10-day moving average of $41.43 on a volume of 26.0 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.

Over the past year, iShares MSCI Emerging Markets Index Fund/United States has traded in a range of $36.16 to $44.43 and is now at $41.56, 15% above that low. The 200-day and 50-day moving averages have moved 0.10% higher and 0.29% higher over the past week, respectively.

SmarTrend is tracking the current trend status for iShares MSCI Emerging Markets Index Fund/United States and will alert subscribers who have EEM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ishares msci emerging markets index fund/united states

Ticker(s): EEM