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Bullish Moving Average Cross by Webster Financial (WBS)

By David Diaz

Today, shares of Webster Financial (NYSE:WBS) have crossed bullishly above their 10-day moving average of $36.27 on a volume of 187K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Webster Financial have traded between a low of $30.09 and a high of $41.34 and are now at $36.48, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in Webster Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Webster Financial in search of a potential trend change.

Keywords: moving crosses webster financial

Ticker(s): WBS