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iShares MSCI South Africa Index Fund Bullish Moving Average Crossover Alert (EZA)

By Amy Schwartz

iShares MSCI South Africa Index Fund (AMEX:EZA) shares have crossed bullishly above their 10-day moving average of $59.66 on a volume of 116K shares. Swing traders may find 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 South Africa Index Fund share prices have been bracketed by a low of $37.82 and a high of $70.72 and are now at $59.81, 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.5%.

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

Keywords: moving crosses amex:eza ishares msci south africa index fund

Ticker(s): EZA