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iShares Russell Midcap Growth Index Fund Crosses Below its 10-day MA (IWP)

By Nick Russo

Today, shares of iShares Russell Midcap Growth Index Fund (AMEX:IWP) have crossed bearishly below their 10-day moving average of $97.49 on a volume of 246K 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 $100.53 and a 52-week low of $80.60 and are now trading 20% above that low price at $96.81 per share. The 200-day and 50-day moving averages have moved 0.23% higher and 0.07% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in iShares Russell Midcap Growth Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Russell Midcap Growth Index Fund in search of a potential trend change.

Keywords: moving crosses amex:iwp ishares russell midcap growth index fund

Ticker(s): IWP