iShares Russell 2000 Value Index Fund Crosses Below its 10-day MA (IWN)
iShares Russell 2000 Value Index Fund (AMEX:IWN) shares have crossed bearishly below their 10-day moving average of $104.81 on a volume of 369K 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, shares of iShares Russell 2000 Value Index Fund have traded between a low of $78.56 and a high of $105.94 and are now at $104.23, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.
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 6.6%. 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