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Western Union Bearish Moving Average Crossover Alert (WU)

By James Quinn

Western Union (NYSE:WU) shares have crossed bearishly below their 10-day moving average of $19.54 on a volume of 521K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Western Union share prices have moved between a 52-week high of $22.84 and a 52-week low of $16.02 and are now trading 21% above that low price at $19.43 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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

Keywords: moving crosses Western Union

Ticker(s): WU