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

By Amy Schwartz

iShares Russell 2000 Value Index Fund (AMEX:IWN) shares have crossed bullishly above their 10-day moving average of $102.84 on a volume of 452K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, iShares Russell 2000 Value Index Fund share prices have been bracketed by a low of $78.56 and a high of $105.94 and are now at $103.36, 32% 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 3.3%. 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