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Bullish Moving Average Cross by iShares Russell 2000 Index Fund (IWM)

By Shiri Gupta

Today, shares of iShares Russell 2000 Index Fund (AMEX:IWM) have advanced above their 10-day MA of $115.84 on a volume of 8.0 million 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.

In the past 52 weeks, iShares Russell 2000 Index Fund share prices have been bracketed by a low of $93.64 and a high of $129.10 and are now at $116.23, 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for iShares Russell 2000 Index Fund and will alert subscribers who have IWM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:iwm ishares russell 2000 index fund

Ticker(s): IWM