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Bearish Moving Average Cross by Wisdomtree Inves (WETF)

By Shiri Gupta

Today, shares of Wisdomtree Inves (NASDAQ:WETF) have fallen below their 10-day MA of $11.06 on a volume of 241K 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, shares of Wisdomtree Inves have traded between a low of $7.87 and a high of $13.41 and are now at $10.85, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Wisdomtree Inves on April 25th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.82. Since that recommendation, shares of Wisdomtree Inves have risen 14.0%. We continue to monitor WETF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wisdomtree inves

Ticker(s): WETF