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WABCO Holdings Crosses Below its 10-day MA (WBC)

By David Diaz

Today, shares of WABCO Holdings (NYSE:WBC) have fallen below their 10-day MA of $118.69 on a volume of 156K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, WABCO Holdings share prices have been bracketed by a low of $81.66 and a high of $133.00 and are now at $118.23, 45% above that low price. Over the last five market days, 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 15.6%. 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