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

By David Diaz

iShares Russell 1000 Growth Index (AMEX:IWF) shares have crossed bullishly above their 10-day moving average of $99.25 on a volume of 186K 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 18% above that low price at $99.37 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in iShares Russell 1000 Growth Index. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Russell 1000 Growth Index in search of a potential trend change.

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

Ticker(s): IWF