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iShares Barclays 7-10 Year Treasury Bond Fund Crosses Below its 10-day MA (IEF)

By Amy Schwartz

iShares Barclays 7-10 Year Treasury Bond Fund (AMEX:IEF) crossed under its 10-day moving average of $107.30 on a volume of 3.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, iShares Barclays 7-10 Year Treasury Bond Fund has traded in a range of $103.43 to $113.91 and is now at $107.20, 4% above that low. The 200-day and 50-day moving averages have moved 0.10% higher and 0.02% lower over the past week, respectively.

SmarTrend is tracking the current trend status for iShares Barclays 7-10 Year Treasury Bond Fund and will alert subscribers who have IEF in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:ief ishares barclays 7-10 year treasury bond fund

Ticker(s): IEF