iShares FTSE Bullish Moving Average Crossover Alert (FXI)
Today, shares of iShares FTSE (NYSE:FXI) have crossed bullishly above their 10-day moving average of $38.12 on a volume of 4.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
iShares FTSE share prices have moved between a 52-week high of $52.37 and a 52-week low of $28.10 and are now trading 37% above that low price at $38.40 per share. The 200-day and 50-day moving averages have moved 0.56% lower and 0.48% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of iShares FTSE on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.48. Since that recommendation, shares of iShares FTSE have risen 6.4%. 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