iShares S&P 500 Index Fund Crosses Above its 10-day MA (IVV)
iShares S&P 500 Index Fund (NYSE:IVV) crossed over its 10-day moving average of $210.78 on a volume of 664K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, iShares S&P 500 Index Fund share prices have been bracketed by a low of $147.21 and a high of $215.23 and are now at $211.66, 44% above that low price. 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 3.7%. 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