Bearish Moving Average Cross by Whiting USA Trust I (WHX)
Today, shares of Whiting USA Trust I (NYSE:WHX) have crossed bearishly below their 10-day moving average of $8.05 on a volume of 1.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Whiting USA Trust I share prices have been bracketed by a low of $4.35 and a high of $18.69 and are now at $7.10, 63% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 1.8%.
SmarTrend recommended that subscribers consider buying shares of Whiting USA Trust I on January 18th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.91. Since that recommendation, shares of Whiting USA Trust I have risen 62.1%. We continue to monitor WHX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses whiting usa trust i
Ticker(s): WHX