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iShares MSCI Australia Index Crosses Below its 10-day MA (EWA)

By David Diaz

Today, shares of iShares MSCI Australia Index (AMEX:EWA) have fallen below their 10-day MA of $20.14 on a volume of 531K shares. Swing traders may find 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 $24.43 and are now at $19.73, 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for iShares MSCI Australia Index and will alert subscribers who have EWA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:ewa ishares msci australia index

Ticker(s): EWA