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iShares MSCI South Africa Index Fund Crosses Below its 10-day MA (EZA)

By Amy Schwartz

iShares MSCI South Africa Index Fund (AMEX:EZA) crossed under its 10-day moving average of $54.88 on a volume of 161K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of iShares MSCI South Africa Index Fund have traded between a low of $37.82 and a high of $70.72 and are now at $53.78, which is 42% above that low price. The 200-day and 50-day moving averages have moved 0.5% lower and 0.92% higher over the past week, respectively.

SmarTrend is tracking the current trend status for iShares MSCI South Africa Index Fund and will alert subscribers who have EZA in their portfolio or watchlist when shares have changed trend direction.

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

Ticker(s): EZA