iShares Russell 2000 Growth Index Fund Crosses Above its 10-day MA (IWO)
iShares Russell 2000 Growth Index Fund (AMEX:IWO) shares have crossed bullishly above their 10-day moving average of $147.32 on a volume of 126K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, iShares Russell 2000 Growth Index Fund has traded in a range of $111.51 to $159.71 and is now at $147.76, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.4%.
SmarTrend recommended that subscribers consider buying shares of iShares Russell 2000 Growth Index Fund on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $139.48. Since that recommendation, shares of iShares Russell 2000 Growth Index Fund have risen 5.5%. We continue to monitor IWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:iwo ishares russell 2000 growth index fund