iShares S&P 500 Index Fund Bearish Moving Average Crossover Alert (IVV)
Today, shares of iShares S&P 500 Index Fund (NYSE:IVV) have crossed bearishly below their 10-day moving average of $212.02 on a volume of 645K 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.
Over the past year, iShares S&P 500 Index Fund has traded in a range of $147.21 to $215.23 and is now at $211.24, 43% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of iShares S&P 500 Index Fund on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $201.25. Since that recommendation, shares of iShares S&P 500 Index Fund have risen 5.9%. We continue to monitor IVV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares s&p 500 index fund