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iShares MSCI Mexico Investable Market Index Fund Bearish Moving Average Crossover Alert (EWW)

By Amy Schwartz

Today, shares of iShares MSCI Mexico Investable Market Index Fund (AMEX:EWW) have crossed bearishly below their 10-day moving average of $53.73 on a volume of 448K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

iShares MSCI Mexico Investable Market Index Fund share prices have moved between a 52-week high of $60.92 and a 52-week low of $41.23 and are now trading 29% above that low price at $53.27 per share. The 200-day and 50-day moving averages have moved 0.2% lower and 0.67% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Mexico Investable Market Index Fund on February 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.40. Since that recommendation, shares of iShares MSCI Mexico Investable Market Index Fund have risen 19.3%. We continue to monitor EWW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:eww ishares msci mexico investable market index fund

Ticker(s): EWW