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Silver Wheaton Bullish Moving Average Crossover Alert (SLW)

By James Quinn

Silver Wheaton (NYSE:SLW) shares have crossed bullishly above their 10-day moving average of $20.98 on a volume of 1.9 million 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.

In the past 52 weeks, shares of Silver Wheaton have traded between a low of $10.04 and a high of $22.19 and are now at $21.44, which is 114% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.9%.

SmarTrend recommended that subscribers consider buying shares of Silver Wheaton on April 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.19. Since that recommendation, shares of Silver Wheaton have risen 14.3%. We continue to monitor SLW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses silver wheaton

Ticker(s): SLW