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iShares S&P 500 Index Fund Crosses Below its 10-day MA (IVV)

By Shiri Gupta

iShares S&P 500 Index Fund (NYSE:IVV) crossed under its 10-day moving average of $244.65 on a volume of 1.8 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

iShares S&P 500 Index Fund share prices have moved between a 52-week high of $246.57 and a 52-week low of $147.21 and are now trading 66% above that low price at $244.11 per share. The 200-day and 50-day moving averages have moved 0.06% lower and 0.51% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of iShares S&P 500 Index Fund on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $218.00. Since that recommendation, shares of iShares S&P 500 Index Fund have risen 12.4%. 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

Ticker(s): IVV