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iShares Russell 2000 Index Fund Bearish Moving Average Crossover Alert (IWM)

By James Quinn

Today, shares of iShares Russell 2000 Index Fund (AMEX:IWM) have fallen below their 10-day MA of $140.44 on a volume of 8.2 million shares. Swing traders may find an opportunity 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 Index Fund have traded between a low of $93.64 and a high of $142.90 and are now at $139.78, which is 49% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for iShares Russell 2000 Index Fund and will alert subscribers who have IWM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:iwm ishares russell 2000 index fund

Ticker(s): IWM