iShares MSCI Brazil Index Fund Bearish Moving Average Crossover Alert (EWZ)
iShares MSCI Brazil Index Fund (NYSE:EWZ) crossed under its 10-day moving average of $27.61 on a volume of 5.2 million 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, shares of iShares MSCI Brazil Index Fund have traded between a low of $17.30 and a high of $37.35 and are now at $27.38, which is 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has slid 0.3%.
SmarTrend is monitoring the recent change of momentum in iShares MSCI Brazil Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI Brazil Index Fund in search of a potential trend change.
Keywords: moving crosses ishares msci brazil index fund