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Western Digital Bullish Moving Average Crossover Alert (WDC)

By Shiri Gupta

Western Digital (NYSE:WDC) shares have crossed bullishly above their 10-day moving average of $45.77 on a volume of 849K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Western Digital share prices have moved between a 52-week high of $99.93 and a 52-week low of $34.99 and are now trading 33% above that low price at $46.63 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Western Digital on August 1st, 2016 by issuing a Downtrend alert when the shares were trading at $46.82. Since that call, shares of Western Digital have fallen 3.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses western digital

Ticker(s): WDC