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iShares iBoxx $ High Yield Corporate Bond Bearish Moving Average Crossover Alert (HYG)

By David Diaz

iShares iBoxx $ High Yield Corporate Bond (AMEX:HYG) crossed under its 10-day moving average of $87.84 on a volume of 778K 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.

iShares iBoxx $ High Yield Corporate Bond share prices have moved between a 52-week high of $91.08 and a 52-week low of $75.09 and are now trading 17% above that low price at $87.71 per share. The 200-day and 50-day moving averages have moved 0.13% lower and 0.47% higher over the past week, respectively.

SmarTrend is tracking the current trend status for iShares iBoxx $ High Yield Corporate Bond and will alert subscribers who have HYG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:hyg ishares iboxx $ high yield corporate bond

Ticker(s): HYG