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

By Shiri Gupta

iShares Russell 1000 Index Fund (AMEX:IWB) crossed under its 10-day moving average of $121.18 on a volume of 218K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, iShares Russell 1000 Index Fund has traded in a range of $93.25 to $122.02 and is now at $120.23, 29% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 1000 Index Fund on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.65. Since that recommendation, shares of iShares Russell 1000 Index Fund have risen 3.4%. We continue to monitor IWB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): IWB