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iShares S&P Latin America 40 Index Fund Crosses Below its 10-day MA (ILF)

By Shiri Gupta

Today, shares of iShares S&P Latin America 40 Index Fund (AMEX:ILF) have crossed bearishly below their 10-day moving average of $31.30 on a volume of 251K 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.

iShares S&P Latin America 40 Index Fund share prices have moved between a 52-week high of $33.05 and a 52-week low of $17.97 and are now trading 72% above that low price at $30.99 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.7%.

SmarTrend is tracking the current trend status for iShares S&P Latin America 40 Index Fund and will alert subscribers who have ILF in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:ilf ishares s&p latin america 40 index fund

Ticker(s): ILF