iShares Russell 2000 Value Index Fund Crosses Below its 10-day MA (IWN)
iShares Russell 2000 Value Index Fund (AMEX:IWN) crossed under its 10-day moving average of $103.01 on a volume of 311K 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.
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 $102.60, 31% 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 4.0%. 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