iShares MSCI Italy Index Fund Crosses Above its 10-day MA (EWI)
iShares MSCI Italy Index Fund (NYSE:EWI) crossed over its 10-day moving average of $10.44 on a volume of 747K 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, shares of iShares MSCI Italy Index Fund have traded between a low of $9.81 and a high of $16.23 and are now at $10.54, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.7%.
SmarTrend recommended that its subscribers protect gains by selling shares of iShares MSCI Italy Index Fund on June 13th, 2016 by issuing a Downtrend alert when the shares were trading at $11.40. Since that call, shares of iShares MSCI Italy Index Fund have fallen 11.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses ishares msci italy index fund