• Return to Headlines

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

By Amy Schwartz

iShares Russell Midcap Growth Index Fund (AMEX:IWP) shares have crossed bearishly below their 10-day moving average of $93.10 on a volume of 202K shares. Swing traders may find an opportunity 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 Midcap Growth Index Fund have traded between a low of $80.04 and a high of $94.16 and are now at $92.60, which is 16% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.29% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of iShares Russell Midcap Growth Index Fund on October 21st, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.70. Since that recommendation, shares of iShares Russell Midcap Growth Index Fund have risen 8.2%. 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

Ticker(s): IWP