Bullish Moving Average Cross by Western Alliance Bancorp (WAL)
Today, shares of Western Alliance Bancorp (NYSE:WAL) have advanced above their 10-day MA of $34.25 on a volume of 117K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Western Alliance Bancorp share prices have moved between a 52-week high of $39.11 and a 52-week low of $26.60 and are now trading 31% above that low price at $34.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for Western Alliance Bancorp and will alert subscribers who have WAL in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses western alliance bancorp