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iShares FTSE Bullish Moving Average Crossover Alert (FXI)

By Shiri Gupta

iShares FTSE (NYSE:FXI) shares have crossed bullishly above their 10-day moving average of $40.46 on a volume of 2.6 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, iShares FTSE has traded in a range of $36.72 to $52.85 and is now at $40.65, 11% above that low. The 200-day and 50-day moving averages have moved 0.10% higher and 1.91% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares FTSE on May 7th, 2015 by issuing a Downtrend alert when the shares were trading at $49.10. Since that call, shares of iShares FTSE have fallen 18.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ishares ftse

Ticker(s): FXI