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

By Shiri Gupta

iShares Russell 1000 Value Index (AMEX:IWD) crossed under its 10-day moving average of $102.98 on a volume of 325K 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.

Over the past year, iShares Russell 1000 Value Index has traded in a range of $86.15 to $106.49 and is now at $102.67, 19% above that low. 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 recommended that subscribers consider buying shares of iShares Russell 1000 Value Index on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.09. Since that recommendation, shares of iShares Russell 1000 Value Index have risen 11.3%. 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