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

By Amy Schwartz

Today, shares of iShares MSCI South Africa Index Fund (AMEX:EZA) have advanced above their 10-day MA of $53.47 on a volume of 138K shares. This may provide short-term investors a chance 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 $53.62, 42% 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 0.9%.

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