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iShares Russell 1000 Value Index Bullish Moving Average Crossover Alert (IWD)

By James Quinn

iShares Russell 1000 Value Index (AMEX:IWD) shares have crossed bullishly above their 10-day moving average of $106.37 on a volume of 366K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

iShares Russell 1000 Value Index share prices have moved between a 52-week high of $106.89 and a 52-week low of $86.15 and are now trading 24% above that low price at $106.56 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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

Keywords: moving crosses amex:iwd ishares russell 1000 value index

Ticker(s): IWD