iShares FTSE Crosses Below its 10-day MA (FXI)
iShares FTSE (NYSE:FXI) crossed under its 10-day moving average of $38.49 on a volume of 3.7 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 $31.35 and a high of $41.97 and are now at $38.04, 21% above that low price. The 200-day and 50-day moving averages have moved 0.05% higher and 0.91% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of iShares FTSE on July 11th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.91. Since that recommendation, shares of iShares FTSE have risen 14.0%. 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