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Waddell & Reed Financial Crosses Below its 10-day MA (WDR)

By Nick Russo

Waddell & Reed Financial (NYSE:WDR) crossed under its 10-day moving average of $18.12 on a volume of 607K 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.

Waddell & Reed Financial share prices have moved between a 52-week high of $50.22 and a 52-week low of $15.02 and are now trading 20% above that low price at $17.96 per share. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 1%.

SmarTrend is tracking the current trend status for Waddell & Reed Financial and will alert subscribers who have WDR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses waddell & reed financial

Ticker(s): WDR