Bearish Moving Average Cross by Wyndham Worldwide (WYN)
Wyndham Worldwide (NYSE:WYN) crossed under its 10-day moving average of $67.76 on a volume of 205K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Wyndham Worldwide share prices have moved between a 52-week high of $88.30 and a 52-week low of $60.59 and are now trading 11% above that low price at $67.27 per share. The 200-day and 50-day moving averages have moved 0.43% lower and 0.04% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Wyndham Worldwide on March 24th, 2016 by issuing a Downtrend alert when the shares were trading at $74.31. Since that call, shares of Wyndham Worldwide have fallen 8.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses wyndham worldwide