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iShares MSCI Taiwan Index Fund Crosses Above its 10-day MA (EWT)

By Amy Schwartz

Today, shares of iShares MSCI Taiwan Index Fund (NYSE:EWT) have advanced above their 10-day MA of $15.26 on a volume of 1.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of iShares MSCI Taiwan Index Fund have traded between a low of $11.21 and a high of $16.64 and are now at $15.59, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI Taiwan Index Fund on June 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.75. Since that recommendation, shares of iShares MSCI Taiwan Index Fund have risen 9.3%. We continue to monitor EWT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares msci taiwan index fund

Ticker(s): EWT