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WABCO Holdings Bearish Moving Average Crossover Alert (WBC)

By David Diaz

WABCO Holdings (NYSE:WBC) shares have crossed bearishly below their 10-day moving average of $123.87 on a volume of 252K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

WABCO Holdings share prices have moved between a 52-week high of $133.00 and a 52-week low of $81.66 and are now trading 51% above that low price at $122.99 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of WABCO Holdings on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.97. Since that recommendation, shares of WABCO Holdings have risen 19.5%. We continue to monitor WBC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wabco holdings

Ticker(s): WBC