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Western Refining Crosses Above its 10-day MA (WNR)

By Amy Schwartz

Today, shares of Western Refining (NYSE:WNR) have advanced above their 10-day MA of $34.47 on a volume of 127K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Western Refining has traded in a range of $18.14 to $50.71 and is now at $34.59, 91% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.6%.

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

Keywords: moving crosses western refining

Ticker(s): WNR