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Bullish Moving Average Cross by YRC Worldwide (YRCW)

By Nick Russo

Today, shares of YRC Worldwide (NASDAQ:YRCW) have advanced above their 10-day MA of $9.44 on a volume of 804K 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, YRC Worldwide share prices have been bracketed by a low of $6.25 and a high of $21.37 and are now at $10.04, 61% above that low price. The 200-day and 50-day moving averages have moved 0.56% lower and 1.60% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of YRC Worldwide on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.63. Since that recommendation, shares of YRC Worldwide have risen 3.0%. We continue to monitor YRCW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses yrc worldwide

Ticker(s): YRCW