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Western Digital Bearish Moving Average Crossover Alert (WDC)

By Nick Russo

Western Digital (NYSE:WDC) shares have crossed bearishly below their 10-day moving average of $94.22 on a volume of 2.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Western Digital share prices have moved between a 52-week high of $95.77 and a 52-week low of $41.64 and are now trading 123% above that low price at $93.04 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 1.3%.

SmarTrend is tracking the current trend status for Western Digital and will alert subscribers who have WDC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses western digital

Ticker(s): WDC