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iShares iBoxx Investment Grade Corporate Bond Fund Crosses Above its 10-day MA (LQD)

By David Diaz

iShares iBoxx Investment Grade Corporate Bond Fund (AMEX:LQD) shares have crossed bullishly above their 10-day moving average of $119.14 on a volume of 164K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of iShares iBoxx Investment Grade Corporate Bond Fund have traded between a low of $110.73 and a high of $120.13 and are now at $119.29, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of iShares iBoxx Investment Grade Corporate Bond Fund on September 25th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $113.91. Since that recommendation, shares of iShares iBoxx Investment Grade Corporate Bond Fund have risen 4.5%. 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