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Wabco Holdings Bullish Moving Average Crossover Alert (WBC)

By Nick Russo

Wabco Holdings (NYSE:WBC) shares have crossed bullishly above their 10-day moving average of $128.21 on a volume of 139K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Wabco Holdings share prices have moved between a 52-week high of $130.25 and a 52-week low of $84.48 and are now trading 53% above that low price at $129.63 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.2%.

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 22.5%. 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