iShares FTSE Bearish Moving Average Crossover Alert (FXI)
Today, shares of iShares FTSE (NYSE:FXI) have crossed bearishly below their 10-day moving average of $36.53 on a volume of 4.6 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.
Over the past year, iShares FTSE has traded in a range of $31.62 to $40.74 and is now at $36.27, 15% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend is monitoring the recent change of momentum in iShares FTSE. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares FTSE in search of a potential trend change.
Keywords: moving crosses ishares ftse