iShares S&P MidCap 400 Index Fund Crosses Above its 10-day MA (IJH)
Today, shares of iShares S&P MidCap 400 Index Fund (NYSE:IJH) have crossed bullishly above their 10-day moving average of $149.79 on a volume of 249K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
iShares S&P MidCap 400 Index Fund share prices have moved between a 52-week high of $155.13 and a 52-week low of $109.03 and are now trading 38% above that low price at $150.66 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of iShares S&P MidCap 400 Index Fund on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $135.07. Since that recommendation, shares of iShares S&P MidCap 400 Index Fund have risen 9.7%. We continue to monitor IJH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares s&p midcap 400 index fund