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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) shares have crossed bearishly below their 10-day moving average of $105.65 on a volume of 303K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

iShares Russell 1000 Value Index share prices have moved between a 52-week high of $106.49 and a 52-week low of $92.46 and are now trading 13% above that low price at $104.94 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

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