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

By Shiri Gupta

iShares Russell 1000 Growth Index (AMEX:IWF) shares have crossed bullishly above their 10-day moving average of $101.08 on a volume of 108K 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.

iShares Russell 1000 Growth Index share prices have moved between a 52-week high of $102.21 and a 52-week low of $84.40 and are now trading 20% above that low price at $101.23 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for iShares Russell 1000 Growth Index and will alert subscribers who have IWF in their portfolio or watchlist when shares have changed trend direction.

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

Ticker(s): IWF