Western Refining Crosses Below its 10-day MA (WNR)
Western Refining (NYSE:WNR) crossed under its 10-day moving average of $22.43 on a volume of 436K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Western Refining share prices have been bracketed by a low of $20.64 and a high of $50.71 and are now at $22.27, 8% above that low price. 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 recommended that its subscribers protect gains by selling shares of Western Refining on April 15th, 2016 by issuing a Downtrend alert when the shares were trading at $26.97. Since that call, shares of Western Refining have fallen 15.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses western refining