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iShares Russell 1000 Index Fund Bearish Moving Average Crossover Alert (IWB)

By Nick Russo

Today, shares of iShares Russell 1000 Index Fund (AMEX:IWB) have fallen below their 10-day MA of $120.31 on a volume of 257K 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, iShares Russell 1000 Index Fund share prices have been bracketed by a low of $93.25 and a high of $120.73 and are now at $120.17, 29% above that low price. The 200-day and 50-day moving averages have moved 0.08% lower and 0.55% higher over the past week, respectively.

SmarTrend is tracking the current trend status for iShares Russell 1000 Index Fund and will alert subscribers who have IWB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:iwb ishares russell 1000 index fund

Ticker(s): IWB