iShares Russell Midcap Growth Index Fund Crosses Below its 10-day MA (IWP)
Today, shares of iShares Russell Midcap Growth Index Fund (AMEX:IWP) have crossed bearishly below their 10-day moving average of $83.80 on a volume of 149K 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.
iShares Russell Midcap Growth Index Fund share prices have moved between a 52-week high of $100.53 and a 52-week low of $79.65 and are now trading 4% above that low price at $83.04 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.3%.
SmarTrend recommended that its subscribers protect gains by selling shares of iShares Russell Midcap Growth Index Fund on January 4th, 2016 by issuing a Downtrend alert when the shares were trading at $90.06. Since that call, shares of iShares Russell Midcap Growth Index Fund have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses amex:iwp ishares russell midcap growth index fund