iShares Russell Midcap Growth Index Fund Crosses Below its 10-day MA (IWP)
iShares Russell Midcap Growth Index Fund (AMEX:IWP) crossed under its 10-day moving average of $78.48 on a volume of 158K 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.
iShares Russell Midcap Growth Index Fund share prices have moved between a 52-week high of $79.95 and a 52-week low of $58.81 and are now trading 33% above that low price at $78.08 per share. The 200-day and 50-day moving averages have moved 0.61% higher and 0.65% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of iShares Russell Midcap Growth Index Fund on July 8th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.65. Since that recommendation, shares of iShares Russell Midcap Growth Index Fund have risen 7.2%. We continue to monitor IWP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:iwp ishares russell midcap growth index fund