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Bullish Moving Average Cross by World Wrestlin-A (WWE)

By Shiri Gupta

Today, shares of World Wrestlin-A (NYSE:WWE) have crossed bullishly above their 10-day moving average of $75.09 on a volume of 576K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of World Wrestlin-A have traded between a low of $20.44 and a high of $79.95 and are now at $78.03, which is 282% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 2.8% while the 50-day MA has advanced 4.9%.

SmarTrend recommended that subscribers consider buying shares of World Wrestlin-A on April 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.87. Since that recommendation, shares of World Wrestlin-A have risen 91.8%. We continue to monitor WWE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses world wrestlin-a

Ticker(s): WWE