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iShares MSCI Germany Index Fund Bullish Moving Average Crossover Alert (EWG)

By David Diaz

iShares MSCI Germany Index Fund (AMEX:EWG) shares have crossed bullishly above their 10-day moving average of $26.56 on a volume of 388K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, iShares MSCI Germany Index Fund share prices have been bracketed by a low of $22.51 and a high of $30.67 and are now at $26.68, 19% above that low price. The 200-day and 50-day moving averages have moved 0.23% lower and 0.69% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in iShares MSCI Germany Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI Germany Index Fund in search of a potential trend change.

Keywords: moving crosses amex:ewg ishares msci germany index fund

Ticker(s): EWG