iShares Russell 1000 Growth Index Crosses Below its 10-day MA (IWF)
Today, shares of iShares Russell 1000 Growth Index (AMEX:IWF) have fallen below their 10-day MA of $101.22 on a volume of 174K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
iShares Russell 1000 Growth Index share prices have moved between a 52-week high of $103.50 and a 52-week low of $84.82 and are now trading 19% above that low price at $100.72 per share. The 200-day and 50-day moving averages have moved 0.08% lower and 0.45% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of iShares Russell 1000 Growth Index on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.89. Since that recommendation, shares of iShares Russell 1000 Growth Index have risen 8.3%. 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