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Bullish Moving Average Cross by Westar Energy (WR)

By Amy Schwartz

Today, shares of Westar Energy (NYSE:WR) have crossed bullishly above their 10-day moving average of $56.60 on a volume of 881K 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, Westar Energy has traded in a range of $33.88 to $57.24 and is now at $56.99, 68% above that low. The 200-day and 50-day moving averages have moved 0.74% higher and 0.93% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Westar Energy on March 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.92. Since that recommendation, shares of Westar Energy have risen 23.0%. We continue to monitor WR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses westar energy

Ticker(s): WR