iShares MSCI South Korea Index Fund Crosses Above its 10-day MA (EWY)
iShares MSCI South Korea Index Fund (NYSE:EWY) crossed over its 10-day moving average of $51.19 on a volume of 1.4 million shares. This may provide swing traders with 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 Korea Index Fund share prices have been bracketed by a low of $42.94 and a high of $61.75 and are now at $51.52, 20% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.67% higher over the past week, respectively.
SmarTrend is tracking the current trend status for iShares MSCI South Korea Index Fund and will alert subscribers who have EWY in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses ishares msci south korea index fund