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Western Union: The Losing Streak Continues (WU)

By Nick Russo

Western Union (NYSE:WU) traded at a new 52-week low today of $17.66. Approximately 572,000 shares have changed hands today, as compared to an average 30-day volume of 4.8 million shares.

In the past 52 weeks, Western Union share prices have been bracketed by a current low of $17.66 and a high of $22.21 and are now at $17.83. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

Western Union (NYSE:WU) has potential upside of 17.4% based on a current price of $17.83 and analysts' consensus price target of $20.93. Western Union shares should first meet resistance at the 50-day moving average (MA) of $18.89 and find additional resistance at the 200-day MA of $19.73.

The Western Union Company offers global money transfer services. The Company offers consumer to consumer money transfer and bill paying services, and sells money orders.

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: 52 week high/lows Western Union

Ticker(s): WU