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Webster Finl Crosses Below its 10-day MA (WBS)

By Shiri Gupta

Webster Finl (NYSE:WBS) crossed under its 10-day moving average of $64.52 on a volume of 157K 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, shares of Webster Finl have traded between a low of $44.04 and a high of $67.86 and are now at $64.06, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

SmarTrend is tracking the current trend status for Webster Finl and will alert subscribers who have WBS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses webster finl

Ticker(s): WBS