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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 $38.62 on a volume of 10.3 million shares. Swing traders may find an opportunity 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 $36.71 to $45.85 and is now at $38.73, 6% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares MSCI Emerging Markets Index Fund/United States on May 7th, 2015 by issuing a Downtrend alert when the shares were trading at $42.20. Since that call, shares of iShares MSCI Emerging Markets Index Fund/United States have fallen 8.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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

Ticker(s): EEM