• Return to Headlines

iShares MSCI United Kingdom Index Fund Bearish Moving Average Crossover Alert (EWU)

By James Quinn

iShares MSCI United Kingdom Index Fund (NYSE:EWU) crossed under its 10-day moving average of $34.12 on a volume of 363K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of iShares MSCI United Kingdom Index Fund have traded between a low of $13.80 and a high of $34.92 and are now at $33.07, which is 140% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of iShares MSCI United Kingdom Index Fund on November 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.82. Since that recommendation, shares of iShares MSCI United Kingdom Index Fund have risen 15.0%. We continue to monitor EWU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares msci united kingdom index fund

Ticker(s): EWU