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Bullish Moving Average Cross by iShares Russell 1000 Growth Index (IWF)

By Shiri Gupta

Today, shares of iShares Russell 1000 Growth Index (AMEX:IWF) have crossed bullishly above their 10-day moving average of $120.04 on a volume of 124K 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.

Over the past year, iShares Russell 1000 Growth Index has traded in a range of $84.82 to $121.21 and is now at $120.50, 42% above that low. The 200-day and 50-day moving averages have moved 0.08% lower and 0.45% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 1000 Growth Index on November 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.66. Since that recommendation, shares of iShares Russell 1000 Growth Index have risen 15.3%. We continue to monitor IWF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:iwf ishares russell 1000 growth index

Ticker(s): IWF