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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 $82.52 on a volume of 112K shares. Swing traders may find 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 $83.59 and a 52-week low of $63.50 and are now trading 30% above that low price at $82.65 per share. The 200-day and 50-day moving averages have moved 0.28% higher and 0.38% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 1000 Growth Index on October 16th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.36. Since that recommendation, shares of iShares Russell 1000 Growth Index have risen 3.7%. 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