iShares S&P 500 Value Index Fund Crosses Above its 10-day MA (IVE)
iShares S&P 500 Value Index Fund (NYSE:IVE) crossed over its 10-day moving average of $90.76 on a volume of 133K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
iShares S&P 500 Value Index Fund share prices have moved between a 52-week high of $95.92 and a 52-week low of $72.55 and are now trading 26% above that low price at $91.41 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of iShares S&P 500 Value Index Fund on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.63. Since that recommendation, shares of iShares S&P 500 Value Index Fund have risen 5.8%. We continue to monitor IVE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares s&p 500 value index fund