Today, shares of iShares Russell 1000 Value Index (AMEX:IWD) have crossed bearishly below their 10-day moving average of $81.17 on a volume of 390K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, iShares Russell 1000 Value Index has traded in a range of $63.14 to $82.78 and is now at $79.84, 26% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 1000 Value Index on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.62. Since that recommendation, shares of iShares Russell 1000 Value Index have risen 13.5%. We continue to monitor IWD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.