iShares Russell 2000 Value Index Fund Bearish Moving Average Crossover Alert (IWN)
iShares Russell 2000 Value Index Fund (AMEX:IWN) crossed under its 10-day moving average of $91.80 on a volume of 264K 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.
Over the past year, iShares Russell 2000 Value Index Fund has traded in a range of $67.84 to $92.86 and is now at $91.67, 35% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.
SmarTrend is tracking the current trend status for iShares Russell 2000 Value Index Fund and will alert subscribers who have IWN in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses amex:iwn ishares russell 2000 value index fund