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Bullish Moving Average Cross by iShares S&P 500 Index Fund (IVV)

By David Diaz

iShares S&P 500 Index Fund (NYSE:IVV) shares have crossed bullishly above their 10-day moving average of $240.34 on a volume of 326K 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 S&P 500 Index Fund share prices have been bracketed by a low of $147.21 and a high of $242.20 and are now at $240.73, 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of iShares S&P 500 Index Fund on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $218.00. Since that recommendation, shares of iShares S&P 500 Index Fund have risen 10.0%. We continue to monitor IVV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares s&p 500 index fund

Ticker(s): IVV