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

By James Quinn

iShares Russell 2000 Value Index Fund (AMEX:IWN) shares have crossed bearishly below their 10-day moving average of $118.06 on a volume of 229K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $122.47 and are now at $116.84, 49% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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

Ticker(s): IWN