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iShares MSCI ACWI Index Fund Crosses Above its 10-day MA (ACWI)

By Shiri Gupta

Today, shares of iShares MSCI ACWI Index Fund (NASDAQ:ACWI) have crossed bullishly above their 10-day moving average of $64.99 on a volume of 437K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, iShares MSCI ACWI Index Fund has traded in a range of $49.04 to $65.61 and is now at $65.14, 33% above that low. The 200-day and 50-day moving averages have moved 0.16% lower and 0.59% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI ACWI Index Fund on December 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.55. Since that recommendation, shares of iShares MSCI ACWI Index Fund have risen 8.4%. We continue to monitor ACWI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares msci acwi index fund

Ticker(s): ACWI