Market Overview

iShares S&P 500 Index Fund Bullish Moving Average Crossover Alert (IVV)

Share:

Today, shares of iShares S&P 500 Index Fund (NYSE: IVV) have crossed bullishly above their 10-day moving average of $120.27 on volume of 1 million 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. Watch for a close above this moving average level for confirmation.

SmarTrend issued an Uptrend Alert for iShares S&P 500 Index Fund on February 18, 2010 at $110.95. In approximately 2 months, iShares S&P 500 Index Fund has returned 9.3% as of today's recent price of $121.29.

We will continue to monitor IVV's share price relative to this moving average.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com