Bullish Moving Average Cross by iShares Russell 1000 Value Index (IWD)
iShares Russell 1000 Value Index (AMEX:IWD) shares have crossed bullishly above their 10-day moving average of $98.58 on a volume of 210K 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 Value Index share prices have moved between a 52-week high of $106.49 and a 52-week low of $89.69 and are now trading 10% above that low price at $98.78 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in iShares Russell 1000 Value Index. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Russell 1000 Value Index in search of a potential trend change.
Keywords: moving crosses amex:iwd ishares russell 1000 value index