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Bullish Moving Average Cross by WABCO Holdings (WBC)

By Nick Russo

Today, shares of WABCO Holdings (NYSE:WBC) have advanced above their 10-day MA of $92.63 on a volume of 453K 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.

WABCO Holdings share prices have moved between a 52-week high of $133.00 and a 52-week low of $81.66 and are now trading 20% above that low price at $98.08 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of WABCO Holdings on June 16th, 2016 by issuing a Downtrend alert when the shares were trading at $102.89. Since that call, shares of WABCO Holdings have fallen 10.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wabco holdings

Ticker(s): WBC