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Bullish Moving Average Cross by Wageworks (WAGE)

By David Diaz

Today, shares of Wageworks (NYSE:WAGE) have advanced above their 10-day MA of $40.51 on a volume of 197K 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, Wageworks share prices have been bracketed by a low of $25.15 and a high of $56.80 and are now at $40.70, 62% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.9%.

SmarTrend recommended that subscribers consider buying shares of Wageworks on March 14th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.25. Since that recommendation, shares of Wageworks have risen 10.3%. We continue to monitor WAGE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wageworks

Ticker(s): WAGE