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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 $114.65 on a volume of 223K 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 $121.24 and a 52-week low of $86.15 and are now trading 33% above that low price at $114.54 per share. Over the past week, 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