EZA Makes Bullish Cross Above Critical Moving Average

iShares MSCI South Africa ETF (EZA) crossed above its 200-day moving average of $64.32 and traded as high as $66.73, reflecting an intraday gain of about 3.8%. The technical breakout above the 200-day MA signals short-term bullish momentum for the South Africa-focused ETF.

Analysis

iShares MSCI South Africa ETF (EZA) crossed above its 200-day moving average of $64.32 and traded as high as $66.73, reflecting an intraday gain of about 3.8%. The technical breakout above the 200-day MA signals short-term bullish momentum for the South Africa-focused ETF.