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

By David Diaz

iShares S&P 500 Value Index Fund (NYSE:IVE) crossed under its 10-day moving average of $104.02 on a volume of 196K shares. Swing traders may find 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 Value Index Fund has traded in a range of $72.55 to $107.75 and is now at $103.66, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for iShares S&P 500 Value Index Fund and will alert subscribers who have IVE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ishares s&p 500 value index fund

Ticker(s): IVE