Bullish Moving Average Cross by iShares Russell 1000 Growth Index (IWF)
Today, shares of iShares Russell 1000 Growth Index (AMEX:IWF) have crossed bullishly above their 10-day moving average of $100.51 on a volume of 217K 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 $103.50 and a 52-week low of $84.82 and are now trading 19% above that low price at $100.74 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
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 5.8%. 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