iShares MSCI Turkey Index Fund Bullish Moving Average Crossover Alert (TUR)
iShares MSCI Turkey Index Fund (NYSE:TUR) shares have crossed bullishly above their 10-day moving average of $39.04 on a volume of 266K 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 Turkey Index Fund share prices have been bracketed by a low of $33.15 and a high of $51.77 and are now at $40.44, 22% above that low price. The 200-day and 50-day moving averages have moved 0.17% lower and 0.84% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of iShares MSCI Turkey Index Fund on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $40.44. Since that call, shares of iShares MSCI Turkey Index Fund have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses ishares msci turkey index fund