iShares Russell 2000 Index Fund Crosses Above its 10-day MA (IWM)
iShares Russell 2000 Index Fund (AMEX:IWM) shares have crossed bullishly above their 10-day moving average of $123.51 on a volume of 8.6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, iShares Russell 2000 Index Fund share prices have been bracketed by a low of $93.64 and a high of $129.10 and are now at $124.22, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of iShares Russell 2000 Index Fund on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.95. Since that recommendation, shares of iShares Russell 2000 Index Fund have risen 4.6%. We continue to monitor IWM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:iwm ishares russell 2000 index fund