• Return to Headlines

Weingarten Realty Investors Bearish Moving Average Crossover Alert (WRI)

By David Diaz

Today, shares of Weingarten Realty Investors (NYSE:WRI) have fallen below their 10-day MA of $30.58 on a volume of 111K 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.

In the past 52 weeks, Weingarten Realty Investors share prices have been bracketed by a low of $29.83 and a high of $43.70 and are now at $30.44, 2% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Weingarten Realty Investors on April 27th, 2017 by issuing a Downtrend alert when the shares were trading at $33.42. Since that call, shares of Weingarten Realty Investors have fallen 8.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses weingarten realty investors

Ticker(s): WRI