Today, shares of iShares iBoxx Investment Grade Corporate Bond Fund (AMEX:LQD) have crossed bullishly above their 10-day moving average of $121.14 on a volume of 455K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, iShares iBoxx Investment Grade Corporate Bond Fund has traded in a range of $112.43 to $123.20 and is now at $121.26, 8% above that low. Over the past week, 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 May 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $116.97. Since that recommendation, shares of iShares iBoxx Investment Grade Corporate Bond Fund have risen 3.5%. We continue to monitor LQD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.