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Bullish Moving Average Cross by Western Alliance Bancorp (WAL)

By David Diaz

Western Alliance Bancorp (NYSE:WAL) crossed over its 10-day moving average of $34.25 on a volume of 210K 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.

Over the past year, Western Alliance Bancorp has traded in a range of $26.60 to $39.11 and is now at $34.45, 30% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

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

Keywords: moving crosses western alliance bancorp

Ticker(s): WAL