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iShares Russell 2000 Index Fund Crosses Above its 10-day MA (IWM)

By Amy Schwartz

Today, shares of iShares Russell 2000 Index Fund (AMEX:IWM) have advanced above their 10-day MA of $122.78 on a volume of 6.1 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, shares of iShares Russell 2000 Index Fund have traded between a low of $93.64 and a high of $129.10 and are now at $123.38, which is 32% 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 3.3%. 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

Ticker(s): IWM