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

By James Quinn

iShares Russell 2000 Index Fund (AMEX:IWM) crossed under its 10-day moving average of $138.71 on a volume of 8.2 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $141.82 and are now at $137.69, 47% above that low price. The 200-day and 50-day moving averages have moved 0.25% lower and 0.77% higher over the past week, respectively.

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