Economy

IShares Russell 2000 Growth ETF (IWO) Money Flow Index Levels in Focus

TimesSquare Capital Management LLC acquired a new stake in iShares Russell 2000 Growth Index (NYSE:IWO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). At the time of writing the MFI is holding above 60 and trending higher for the name. Chart analysts may also use the indicator to project possible price reversals and to define trends. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/09/19/timessquare-capital-management-llc-purchases-shares-of-125000-ishares-russell-2000-growth-index-iwo.html. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). The Williams %R oscillates in a range from 0 to -100. A reading under 30 would indicate oversold conditions. Wilder has developed multiple indicators that are still quite popular in today's investing landscape.

Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 68.05, the 7-day is 78.50, and the 3-day is now at 91.64 for iShares Russell 1000 Index Fund (IWB). Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

Akin to all moving averages, the angle of the Tenkan line is very important as the sharper the angle, the stronger the trend while the flatter the Tenkan, the flatter or lesser the momentum of the move is. The ADX was created by J. Welles Wilder to help determine how strong a trend is. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend.

Taking a peek at some Moving Averages, the 200-day is at 140.94, the 50-day is 145.72, and the 7-day is sitting at 147.68. Moving averages are considered to be lagging indicators meaning that they confirm trends. Shares of iShares Russell 2000 Value ETF (IWN) have a 7-day moving average of 117.94. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. After a recent check, the 14-day RSIfor iShares Russell 2000 Value ETF (IWN) is now at 67.81, the 7-day stands at 81.20, and the 3-day is sitting at 93.68. The RSI is computed based on the speed and direction of a stock's price movement.

Shares of iShares Russell Top 200 Value ETF (IWX) are on watch as the Tenkan Line has moved above the Kijun line, indicating positive momentum for the equity. iShares Russell Top 200 Value ETF moved 0.00 in the most recent session and touched 49.525 on a recent tick.

Checking in on some other technical levels, the 14-day RSI is now at 69.04, the 7-day stands at 80.51, and the 3-day is sitting at 93.81. Presently, iShares Russell 1000 Index Fund (IWB)'s Williams Percent Range or 14 day Williams %R is resting at -3.97.

Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations.



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