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

By James Quinn

Today, shares of iShares Russell 1000 Growth Index (AMEX:IWF) have crossed bullishly above their 10-day moving average of $103.56 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 $105.87 and a 52-week low of $84.82 and are now trading 22% above that low price at $103.87 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-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