• Return to Headlines

Bullish Moving Average Cross by Western Refining (WNR)

By David Diaz

Today, shares of Western Refining (NYSE:WNR) have crossed bullishly above their 10-day moving average of $26.39 on a volume of 853K 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.

In the past 52 weeks, Western Refining share prices have been bracketed by a low of $18.14 and a high of $50.71 and are now at $27.21, 50% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.6%.

SmarTrend recommended that subscribers consider buying shares of Western Refining on August 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.22. Since that recommendation, shares of Western Refining have risen 18.0%. We continue to monitor WNR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses western refining

Ticker(s): WNR