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Weingarten Realty Investors Crosses Above its 10-day MA (WRI)

By James Quinn

Weingarten Realty Investors (NYSE:WRI) crossed over its 10-day moving average of $30.51 on a volume of 166K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Weingarten Realty Investors has traded in a range of $29.47 to $43.70 and is now at $30.65, 4% above that low. Over the past week, 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 9.5%. 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