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Bullish Moving Average Cross by WellPoint (WLP)

By David Diaz

Today, shares of WellPoint (NYSE:WLP) have advanced above their 10-day MA of $109.59 on a volume of 175K 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.

WellPoint share prices have moved between a 52-week high of $116.50 and a 52-week low of $81.46 and are now trading 35% above that low price at $109.75 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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

Keywords: moving crosses WellPoint

Ticker(s): WLP