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Western Refining Bearish Moving Average Crossover Alert (WNR)

By David Diaz

Today, shares of Western Refining (NYSE:WNR) have crossed bearishly below their 10-day moving average of $27.69 on a volume of 434K 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 Refining share prices have moved between a 52-week high of $50.71 and a 52-week low of $24.43 and are now trading 12% above that low price at $27.42 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.9%.

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

Keywords: moving crosses western refining

Ticker(s): WNR