iShares Dow Jones US Homenstruction Index Fund Crosses Below its 10-day MA (ITB)
Today, shares of iShares Dow Jones US Homenstruction Index Fund (NYSE:ITB) have crossed bearishly below their 10-day moving average of $27.69 on a volume of 629K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, iShares Dow Jones US Homenstruction Index Fund has traded in a range of $21.61 to $29.86 and is now at $27.46, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of iShares Dow Jones US Homenstruction Index Fund on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.67. Since that recommendation, shares of iShares Dow Jones US Homenstruction Index Fund have risen 12.7%. We continue to monitor ITB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares dow jones us homenstruction index fund