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iShares Russell 2000 Growth Index Fund Crosses Below its 10-day MA (IWO)

By Amy Schwartz

Today, shares of iShares Russell 2000 Growth Index Fund (AMEX:IWO) have crossed bearishly below their 10-day moving average of $167.81 on a volume of 146K 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.

In the past 52 weeks, shares of iShares Russell 2000 Growth Index Fund have traded between a low of $111.51 and a high of $170.79 and are now at $166.87, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 2000 Growth Index Fund on December 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $156.98. Since that recommendation, shares of iShares Russell 2000 Growth Index Fund have risen 7.2%. 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

Ticker(s): IWO