iShares MSCI Hong Kong Index Fund Crosses Below its 10-day MA (EWH)
iShares MSCI Hong Kong Index Fund (NYSE:EWH) crossed under its 10-day moving average of $22.04 on a volume of 1.0 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.
Over the past year, iShares MSCI Hong Kong Index Fund has traded in a range of $16.77 to $24.65 and is now at $21.66, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.3%.
SmarTrend recommended that subscribers consider buying shares of iShares MSCI Hong Kong Index Fund on July 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.39. Since that recommendation, shares of iShares MSCI Hong Kong Index Fund have risen 9.1%. We continue to monitor EWH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares msci hong kong index fund