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iShares Dow Jones US Real Estate Index Fund Crosses Below its 10-day MA (IYR)

By Amy Schwartz

Today, shares of iShares Dow Jones US Real Estate Index Fund (NYSE:IYR) have crossed bearishly below their 10-day moving average of $80.33 on a volume of 3.4 million 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.

In the past 52 weeks, iShares Dow Jones US Real Estate Index Fund share prices have been bracketed by a low of $65.88 and a high of $85.80 and are now at $79.66, 21% 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 remained constant.

SmarTrend is tracking the current trend status for iShares Dow Jones US Real Estate Index Fund and will alert subscribers who have IYR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ishares dow jones us real estate index fund

Ticker(s): IYR