Bearish Moving Average Cross by Wyndham Worldwide (WYN)
Today, shares of Wyndham Worldwide (NYSE:WYN) have fallen below their 10-day MA of $75.70 on a volume of 1.5 million 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 18% above that low price at $71.25 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Wyndham Worldwide on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.10. Since that recommendation, shares of Wyndham Worldwide have risen 8.6%. We continue to monitor WYN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses wyndham worldwide