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Bullish Moving Average Cross by Western Digital (WDC)

By Shiri Gupta

Today, shares of Western Digital (NASDAQ:WDC) have crossed bullishly above their 10-day moving average of $90.68 on a volume of 538K 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.

Western Digital share prices have moved between a 52-week high of $106.96 and a 52-week low of $41.64 and are now trading 119% above that low price at $90.99 per share. The 200-day and 50-day moving averages have moved 1.26% lower and 0.83% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Western Digital on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $95.82. Since that call, shares of Western Digital have fallen 7.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses western digital

Ticker(s): WDC