Waste Connections Bearish Moving Average Crossover Alert (WCN)
Waste Connections (NYSE:WCN) crossed under its 10-day moving average of $72.60 on a volume of 128K 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.
Waste Connections share prices have moved between a 52-week high of $74.23 and a 52-week low of $45.70 and are now trading 58% above that low price at $72.08 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of Waste Connections on April 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.78. Since that recommendation, shares of Waste Connections have risen 8.9%. We continue to monitor WCN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses waste connections