• Return to Headlines

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

By David Diaz

iShares FTSE (NYSE:FXI) shares have crossed bearishly below their 10-day moving average of $39.07 on a volume of 3.2 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 $28.10 and a high of $52.37 and are now at $38.77, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of iShares FTSE on January 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.29. Since that recommendation, shares of iShares FTSE have risen 8.2%. 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

Ticker(s): FXI