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Bullish Moving Average Cross by Western Digital (WDC)

By James Quinn

Western Digital (NYSE:WDC) crossed over its 10-day moving average of $83.97 on a volume of 633K 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 Digital has traded in a range of $34.99 to $99.93 and is now at $84.08, 140% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 1.3%.

SmarTrend recommended that subscribers consider buying shares of Western Digital on October 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.24. Since that recommendation, shares of Western Digital have risen 38.6%. We continue to monitor WDC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses western digital

Ticker(s): WDC