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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) crossed over its 10-day moving average of $99.84 on a volume of 185K 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 $103.50 and is now at $100.18, 18% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 1000 Growth Index on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.89. Since that recommendation, shares of iShares Russell 1000 Growth Index have risen 5.9%. 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