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

By Amy Schwartz

Today, shares of iShares Russell 2000 Index Fund (AMEX:IWM) have fallen below their 10-day MA of $116.50 on a volume of 9.6 million 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 2000 Index Fund has traded in a range of $93.64 to $129.10 and is now at $116.14, 24% above that low. The 200-day and 50-day moving averages have moved 0.25% lower and 0.77% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in iShares Russell 2000 Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Russell 2000 Index Fund in search of a potential trend change.

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

Ticker(s): IWM