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Western Alliance Bancorp Bearish Moving Average Crossover Alert (WAL)

By James Quinn

Western Alliance Bancorp (NYSE:WAL) shares have crossed bearishly below their 10-day moving average of $37.14 on a volume of 405K 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.

Over the past year, Western Alliance Bancorp has traded in a range of $26.60 to $39.11 and is now at $36.86, 39% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend is monitoring the recent change of momentum in Western Alliance Bancorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Western Alliance Bancorp in search of a potential trend change.

Keywords: moving crosses western alliance bancorp

Ticker(s): WAL