iShares S&P SmallCap 600 Index Fund Bearish Moving Average Crossover Alert (IJR)
iShares S&P SmallCap 600 Index Fund (NYSE:IJR) shares have crossed bearishly below their 10-day moving average of $123.77 on a volume of 288K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of iShares S&P SmallCap 600 Index Fund have traded between a low of $77.53 and a high of $125.84 and are now at $123.45, which is 59% above that low price. The 200-day and 50-day moving averages have moved 0.1% lower and 0.77% higher over the past week, respectively.
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 5.5%. 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