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

By Nick Russo

Today, shares of iShares Russell 2000 Value Index Fund (AMEX:IWN) have crossed bearishly below their 10-day moving average of $94.35 on a volume of 253K 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 $78.56 to $105.42 and is now at $94.08, 20% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell 2000 Value Index Fund on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.46. Since that recommendation, shares of iShares Russell 2000 Value Index Fund have risen 10.6%. We continue to monitor IWN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:iwn ishares russell 2000 value index fund

Ticker(s): IWN