iShares MSCI South Africa Index Fund Bullish Moving Average Crossover Alert (EZA)
Today, shares of iShares MSCI South Africa Index Fund (AMEX:EZA) have crossed bullishly above their 10-day moving average of $48.99 on a volume of 477K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
iShares MSCI South Africa Index Fund share prices have moved between a 52-week high of $70.72 and a 52-week low of $37.82 and are now trading 32% above that low price at $49.81 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.9%.
SmarTrend recommended that its subscribers protect gains by selling shares of iShares MSCI South Africa Index Fund on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $50.82. Since that call, shares of iShares MSCI South Africa Index Fund have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses amex:eza ishares msci south africa index fund