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iShares Russell 1000 Growth Index Crosses Below its 10-day MA (IWF)

By David Diaz

iShares Russell 1000 Growth Index (AMEX:IWF) shares have crossed bearishly below their 10-day moving average of $117.39 on a volume of 420K shares. This may provide swing traders with 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 Russell 1000 Growth Index have traded between a low of $84.82 and a high of $118.06 and are now at $116.81, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 1000 Growth Index on November 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.66. Since that recommendation, shares of iShares Russell 1000 Growth Index have risen 13.7%. We continue to monitor IWF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:iwf ishares russell 1000 growth index

Ticker(s): IWF