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iShares MSCI Emerging Markets Index Fund/United States Crosses Below its 10-day MA (EEM)

By Shiri Gupta

iShares MSCI Emerging Markets Index Fund/United States (NYSE:EEM) shares have crossed bearishly below their 10-day moving average of $37.65 on a volume of 23.8 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, iShares MSCI Emerging Markets Index Fund/United States share prices have been bracketed by a low of $27.61 and a high of $43.46 and are now at $37.29, 35% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Emerging Markets Index Fund/United States on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.31. Since that recommendation, shares of iShares MSCI Emerging Markets Index Fund/United States have risen 7.9%. We continue to monitor EEM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares msci emerging markets index fund/united states

Ticker(s): EEM