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Bullish Moving Average Cross by Western Digital (WDC)

By James Quinn

Western Digital (NYSE:WDC) shares have crossed bullishly above their 10-day moving average of $90.39 on a volume of 781K 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 $99.93 and a 52-week low of $34.99 and are now trading 160% above that low price at $91.08 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.8%.

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 49.3%. 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