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Bullish Moving Average Cross by Genesee & Wyomin (GWR)

By David Diaz

Genesee & Wyomin (NYSE:GWR) shares have crossed bullishly above their 10-day moving average of $79.35 on a volume of 141K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Genesee & Wyomin have traded between a low of $63.70 and a high of $84.40 and are now at $80.16, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Genesee & Wyomin on May 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.59. Since that recommendation, shares of Genesee & Wyomin have risen 6.7%. We continue to monitor GWR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses genesee & wyomin

Ticker(s): GWR