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Bullish Moving Average Cross by iShares Russell 1000 Value Index (IWD)

By Nick Russo

Today, shares of iShares Russell 1000 Value Index (AMEX:IWD) have crossed bullishly above their 10-day moving average of $95.55 on a volume of 113K 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 Value Index has traded in a range of $79.41 to $96.84 and is now at $95.82, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 1000 Value Index on February 11th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.12. Since that recommendation, shares of iShares Russell 1000 Value Index have risen 3.2%. We continue to monitor IWD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:iwd ishares russell 1000 value index

Ticker(s): IWD