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iShares Russell Midcap Value Index Fund Bullish Moving Average Crossover Alert (IWS)

By Nick Russo

Today, shares of iShares Russell Midcap Value Index Fund (AMEX:IWS) have advanced above their 10-day MA of $76.24 on a volume of 105K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, iShares Russell Midcap Value Index Fund share prices have been bracketed by a low of $41.61 and a high of $77.93 and are now at $76.47, 84% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of iShares Russell Midcap Value Index Fund on March 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.36. Since that recommendation, shares of iShares Russell Midcap Value Index Fund have risen 7.6%. We continue to monitor IWS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:iws ishares russell midcap value index fund

Ticker(s): IWS