iShares MSCI Australia Index Bearish Moving Average Crossover Alert (EWA)
Today, shares of iShares MSCI Australia Index (AMEX:EWA) have crossed bearishly below their 10-day moving average of $20.87 on a volume of 483K 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 MSCI Australia Index share prices have been bracketed by a low of $16.08 and a high of $23.81 and are now at $20.73, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.2%.
SmarTrend is monitoring the recent change of momentum in iShares MSCI Australia Index. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI Australia Index in search of a potential trend change.
Keywords: moving crosses amex:ewa ishares msci australia index