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iShares FTSE Crosses Below its 10-day MA (FXI)

By Amy Schwartz

Today, shares of iShares FTSE (NYSE:FXI) have crossed bearishly below their 10-day moving average of $38.22 on a volume of 2.9 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.

iShares FTSE share prices have moved between a 52-week high of $42.56 and a 52-week low of $32.58 and are now trading 17% above that low price at $38.07 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 0.53% lower over the past week, respectively.

SmarTrend is tracking the current trend status for iShares FTSE and will alert subscribers who have FXI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ishares ftse

Ticker(s): FXI