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

By James Quinn

iShares Russell 1000 Value Index (AMEX:IWD) crossed under its 10-day moving average of $114.05 on a volume of 225K 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.

In the past 52 weeks, iShares Russell 1000 Value Index share prices have been bracketed by a low of $86.15 and a high of $121.24 and are now at $113.92, 32% above that low price. 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 monitoring the recent change of momentum in iShares Russell 1000 Value Index. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Russell 1000 Value Index in search of a potential trend change.

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

Ticker(s): IWD