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iShares MSCI Germany Index Fund Crosses Above its 10-day MA (EWG)

By Shiri Gupta

Today, shares of iShares MSCI Germany Index Fund (AMEX:EWG) have advanced above their 10-day MA of $28.33 on a volume of 362K 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.

Over the past year, iShares MSCI Germany Index Fund has traded in a range of $22.51 to $30.67 and is now at $28.43, 26% above that low. The 200-day and 50-day moving averages have moved 0.23% lower and 0.69% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Germany Index Fund on August 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.41. Since that recommendation, shares of iShares MSCI Germany Index Fund have risen 6.6%. We continue to monitor EWG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): EWG