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Wabco Holdings Bearish Moving Average Crossover Alert (WBC)

By Amy Schwartz

Today, shares of Wabco Holdings (NYSE:WBC) have crossed bearishly below their 10-day moving average of $124.52 on a volume of 200K 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.

Over the past year, Wabco Holdings has traded in a range of $113.00 to $162.20 and is now at $122.89, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Wabco Holdings on July 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.93. Since that recommendation, shares of Wabco Holdings have risen 3.1%. 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