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iShares S&P Europe 350 Index Fund Crosses Below its 10-day MA (IEV)

By Shiri Gupta

iShares S&P Europe 350 Index Fund (NYSE:IEV) shares have crossed bearishly below their 10-day moving average of $45.12 on a volume of 137K 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 Europe 350 Index Fund has traded in a range of $34.52 to $47.64 and is now at $44.24, 28% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of iShares S&P Europe 350 Index Fund on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.79. Since that recommendation, shares of iShares S&P Europe 350 Index Fund have risen 14.1%. We continue to monitor IEV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares s&p europe 350 index fund

Ticker(s): IEV