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

By David Diaz

Today, shares of iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) have advanced above their 10-day MA of $29.43 on a volume of 77.1 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.

In the past 52 weeks, shares of iShares MSCI Emerging Markets Index Fund/United States have traded between a low of $27.61 and a high of $44.19 and are now at $29.59, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.8%.

SmarTrend is monitoring the recent change of momentum in iShares MSCI Emerging Markets Index Fund/United States. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI Emerging Markets Index Fund/United States in search of a potential trend change.

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

Ticker(s): EEM