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iShares Russell 1000 Index Fund Crosses Below its 10-day MA (IWB)

By James Quinn

iShares Russell 1000 Index Fund (AMEX:IWB) shares have crossed bearishly below their 10-day moving average of $135.26 on a volume of 279K 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.

iShares Russell 1000 Index Fund share prices have moved between a 52-week high of $136.33 and a 52-week low of $93.25 and are now trading 45% above that low price at $135.00 per share. Over the last five market days, 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 November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.52. Since that recommendation, shares of iShares Russell 1000 Index Fund have risen 12.4%. 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