iShares S&P/TSX 60 Index ETF (TSE:XIU) Stock Price Pass Below 50-Day Moving Average – Time to Sell?

iShares S&P/TSX 60 Index ETF (TSE:XIU)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$38.29 and traded as low as C$37.52. iShares S&P/TSX 60 Index ETF shares last traded at C$37.55, with a volume of 3,866,137 shares trading hands.

iShares S&P/TSX 60 Index ETF Stock Down 1.6 %

The firm’s 50 day moving average is C$38.29 and its 200-day moving average is C$37.67.

About iShares S&P/TSX 60 Index ETF

iShares S&P/TSX 60 Index Fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX 60 Index through investments in the constituent issuers of such index, net of expenses. The Index is comprised of 60 of the largest (by market capitalization) and liquid securities listed on the Toronto Stock Exchange (TSX), selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals.