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Silver Wheaton Crosses Above its 10-day MA (SLW)

By James Quinn

Silver Wheaton (NYSE:SLW) shares have crossed bullishly above their 10-day moving average of $19.37 on a volume of 1.7 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, Silver Wheaton share prices have been bracketed by a low of $10.04 and a high of $21.14 and are now at $19.55, 95% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.7%.

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 4.4%. 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