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iShares iBoxx Investment Grade Corporate Bond Fund Bearish Moving Average Crossover Alert (LQD)

By Amy Schwartz

iShares iBoxx Investment Grade Corporate Bond Fund (AMEX:LQD) shares have crossed bearishly below their 10-day moving average of $122.94 on a volume of 986K 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 iBoxx Investment Grade Corporate Bond Fund share prices have been bracketed by a low of $112.67 and a high of $124.48 and are now at $122.72, 9% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of iShares iBoxx Investment Grade Corporate Bond Fund on March 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $116.18. Since that recommendation, shares of iShares iBoxx Investment Grade Corporate Bond Fund have risen 6.0%. We continue to monitor LQD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:lqd ishares iboxx investment grade corporate bond fund

Ticker(s): LQD