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

By Shiri Gupta

Today, shares of iShares Russell 2000 Index Fund (AMEX:IWM) have crossed bearishly below their 10-day moving average of $120.56 on a volume of 5.9 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.

iShares Russell 2000 Index Fund share prices have moved between a 52-week high of $129.10 and a 52-week low of $93.64 and are now trading 29% above that low price at $120.38 per share. Over the last five market days, 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