iShares S&P SmallCap 600 Index Fund Bearish Moving Average Crossover Alert (IJR)
Today, shares of iShares S&P SmallCap 600 Index Fund (NYSE:IJR) have crossed bearishly below their 10-day moving average of $122.29 on a volume of 184K 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.
In the past 52 weeks, iShares S&P SmallCap 600 Index Fund share prices have been bracketed by a low of $77.53 and a high of $123.56 and are now at $122.06, 57% above that low price. 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 SmallCap 600 Index Fund on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.63. Since that recommendation, shares of iShares S&P SmallCap 600 Index Fund have risen 4.2%. We continue to monitor IJR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ishares s&p smallcap 600 index fund