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iShares MSCI Thailand Index Fund Crosses Above its 10-day MA (THD)

By Shiri Gupta

iShares MSCI Thailand Index Fund (NYSE:THD) crossed over its 10-day moving average of $73.42 on a volume of 126K 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.

Over the past year, iShares MSCI Thailand Index Fund has traded in a range of $65.56 to $96.11 and is now at $73.70, 12% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of iShares MSCI Thailand Index Fund on November 4th, 2013 by issuing a Downtrend alert when the shares were trading at $76.47. Since that call, shares of iShares MSCI Thailand Index Fund have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ishares msci thailand index fund

Ticker(s): THD