Bullish Moving Average Cross by WellPoint (WLP)
WellPoint (NYSE:WLP) crossed over its 10-day moving average of $69.04 on a volume of 372K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, WellPoint has traded in a range of $52.52 to $72.79 and is now at $69.49, 32% above that low. The 200-day and 50-day moving averages have moved 0.10% higher and 0.22% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of WellPoint on December 18th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.10. Since that recommendation, shares of WellPoint have risen 13.6%. We continue to monitor WLP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses WellPoint