iShares FTSE Bearish Moving Average Crossover Alert (FXI)
iShares FTSE (NYSE:FXI) shares have crossed bearishly below their 10-day moving average of $37.70 on a volume of 4.1 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 FTSE share prices have been bracketed by a low of $32.13 and a high of $40.32 and are now at $37.33, 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of iShares FTSE on May 22nd, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.34. Since that recommendation, shares of iShares FTSE have risen 4.5%. We continue to monitor FXI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares ftse