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

By Shiri Gupta

Today, shares of iShares Russell 1000 Value Index (AMEX:IWD) have fallen below their 10-day MA of $92.21 on a volume of 212K shares. This may provide short-term investors a chance 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 $92.88 and a 52-week low of $71.32 and are now trading 29% above that low price at $91.90 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 1000 Value Index on October 16th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.18. Since that recommendation, shares of iShares Russell 1000 Value Index have risen 4.9%. We continue to monitor IWD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): IWD