• Return to Headlines

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

By Shiri Gupta

Today, shares of iShares FTSE (NYSE:FXI) have crossed bearishly below their 10-day moving average of $40.00 on a volume of 4.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of iShares FTSE have traded between a low of $28.10 and a high of $52.37 and are now at $39.60, which is 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.6%.

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