iShares Russell 2000 Value Index Fund Bullish Moving Average Crossover Alert (IWN)
iShares Russell 2000 Value Index Fund (AMEX:IWN) crossed over its 10-day moving average of $104.39 on a volume of 516K shares. This may provide short-term investors a chance 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 Value Index Fund have traded between a low of $78.56 and a high of $105.42 and are now at $104.96, which is 34% above that low price. 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 July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.19. Since that recommendation, shares of iShares Russell 2000 Value Index Fund have risen 4.9%. 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