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iShares MSCI Switzerland Index Fund Bearish Moving Average Crossover Alert (EWL)

By Amy Schwartz

Today, shares of iShares MSCI Switzerland Index Fund (NYSE:EWL) have fallen below their 10-day MA of $34.51 on a volume of 501K 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.

iShares MSCI Switzerland Index Fund share prices have moved between a 52-week high of $36.18 and a 52-week low of $27.52 and are now trading 24% above that low price at $34.24 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Switzerland Index Fund on January 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.73. Since that recommendation, shares of iShares MSCI Switzerland Index Fund have risen 17.6%. We continue to monitor EWL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares msci switzerland index fund

Ticker(s): EWL