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Bearish Moving Average Cross by Wyndham Worldwide (WYN)

By Shiri Gupta

Wyndham Worldwide (NYSE:WYN) crossed under its 10-day moving average of $67.63 on a volume of 789K shares. Swing traders may find an opportunity 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 7% above that low price at $64.83 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Wyndham Worldwide on July 27th, 2016 by issuing a Downtrend alert when the shares were trading at $71.27. Since that call, shares of Wyndham Worldwide have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wyndham worldwide

Ticker(s): WYN