• Return to Headlines

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

By Amy Schwartz

Today, shares of iShares iBoxx Investment Grade Corporate Bond Fund (AMEX:LQD) have crossed bullishly above their 10-day moving average of $114.18 on a volume of 414K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

iShares iBoxx Investment Grade Corporate Bond Fund share prices have moved between a 52-week high of $123.90 and a 52-week low of $113.70 and are now trading 1% above that low price at $114.38 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares iBoxx Investment Grade Corporate Bond Fund on March 5th, 2015 by issuing a Downtrend alert when the shares were trading at $120.36. Since that call, shares of iShares iBoxx Investment Grade Corporate Bond Fund have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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

Ticker(s): LQD