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iShares Russell 1000 Value Index Crosses Above its 10-day MA (IWD)

By Shiri Gupta

Today, shares of iShares Russell 1000 Value Index (AMEX:IWD) have advanced above their 10-day MA of $114.23 on a volume of 455K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, iShares Russell 1000 Value Index has traded in a range of $86.15 to $121.24 and is now at $114.36, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

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