iShares FTSE Crosses Below its 10-day MA (FXI)
iShares FTSE (NYSE:FXI) shares have crossed bearishly below their 10-day moving average of $30.18 on a volume of 7.5 million shares. This may provide short-term investors a chance 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 $28.81 and a high of $52.85 and are now at $29.99, 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.2%.
SmarTrend recommended that its subscribers protect gains by selling shares of iShares FTSE on November 13th, 2015 by issuing a Downtrend alert when the shares were trading at $37.12. Since that call, shares of iShares FTSE have fallen 17.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses ishares ftse