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iShares Dow Jones International Select Dividend Index Fund Bearish Moving Average Crossover Alert (IDV)

By James Quinn

iShares Dow Jones International Select Dividend Index Fund (NYSE:IDV) shares have crossed bearishly below their 10-day moving average of $33.26 on a volume of 150K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, iShares Dow Jones International Select Dividend Index Fund share prices have been bracketed by a low of $24.90 and a high of $36.00 and are now at $32.96, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones International Select Dividend Index Fund on December 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.98. Since that recommendation, shares of iShares Dow Jones International Select Dividend Index Fund have risen 11.5%. We continue to monitor IDV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares dow jones international select dividend index fund

Ticker(s): IDV