IWP, the Mid-Cap Index outperforms

IWP – the iShares Russell Mid-Cap Growth ETF – is the best performing among the major indices. In fact, its Relative Strength is trending up and above its 20- day exponential moving average since the beginning of January.

Apart from that, since IWP moved above its 10- day exponential moving average at the beginning of January it didn’t touch it again.

The 20- day exponential moving average itself has moved above IWP’s 20- and 50- day exponential moving average, and all three moving averages shown in the charts are trending up.

Another valid indication that the trend is strong is the fact that the Bollinger Bands are moving up and price itself is between the 10- day exponential moving average and the upper Bollinger Band.

Finally, our momentum indicator, MACD is well above its signal line for a month.