WebMD Health Bearish Moving Average Crossover Alert (WBMD)
Today, shares of WebMD Health (NASDAQ:WBMD) have crossed bearishly below their 10-day moving average of $64.70 on a volume of 1.8 million 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.
WebMD Health share prices have moved between a 52-week high of $67.55 and a 52-week low of $37.57 and are now trading 70% above that low price at $63.69 per share. The 200-day and 50-day moving averages have moved 0.71% higher and 1.20% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of WebMD Health on February 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.76. Since that recommendation, shares of WebMD Health have risen 26.9%. We continue to monitor WBMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses webmd health