iShares FTSE Crosses Below its 10-day MA (FXI)
iShares FTSE (NYSE:FXI) crossed under its 10-day moving average of $39.17 on a volume of 3.0 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 $40.74 and a 52-week low of $31.62 and are now trading 23% above that low price at $39.04 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.
SmarTrend recommended that subscribers consider buying shares of iShares FTSE on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.36. 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