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iShares MSCI France Index Fund Bearish Moving Average Crossover Alert (EWQ)

By Amy Schwartz

iShares MSCI France Index Fund (NYSE:EWQ) crossed under its 10-day moving average of $29.29 on a volume of 111K 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 France Index Fund share prices have been bracketed by a low of $21.00 and a high of $29.93 and are now at $28.91, 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI France Index Fund on January 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.10. Since that recommendation, shares of iShares MSCI France Index Fund have risen 17.6%. We continue to monitor EWQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares msci france index fund

Ticker(s): EWQ