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Western Alliance Crosses Above its 10-day MA (WAL)

By David Diaz

Today, shares of Western Alliance (NYSE:WAL) have crossed bullishly above their 10-day moving average of $57.18 on a volume of 308K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Western Alliance share prices have moved between a 52-week high of $64.06 and a 52-week low of $45.80 and are now trading 25% above that low price at $57.43 per share. The 200-day and 50-day moving averages have moved 0.05% higher and 0.09% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Western Alliance on June 25th, 2018 by issuing a Downtrend alert when the shares were trading at $59.36. Since that call, shares of Western Alliance have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses western alliance

Ticker(s): WAL