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Weingarten Rlty Crosses Below its 10-day MA (WRI)

By Shiri Gupta

Today, shares of Weingarten Rlty (NYSE:WRI) have fallen below their 10-day MA of $32.78 on a volume of 170K 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 Rlty share prices have been bracketed by a low of $29.03 and a high of $43.70 and are now at $32.53, 12% above that low price. 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 subscribers consider buying shares of Weingarten Rlty on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.45. Since that recommendation, shares of Weingarten Rlty have risen 5.1%. We continue to monitor WRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses weingarten rlty

Ticker(s): WRI