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Watsco Inc Bearish Moving Average Crossover Alert (WSO)

By Shiri Gupta

Today, shares of Watsco Inc (NYSE:WSO) have crossed bearishly below their 10-day moving average of $186.70 on a volume of 204K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Watsco Inc has traded in a range of $128.60 to $192.94 and is now at $179.91, 40% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Watsco Inc on March 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $174.93. Since that recommendation, shares of Watsco Inc have risen 7.2%. We continue to monitor WSO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses watsco inc

Ticker(s): WSO