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Wex Inc Bullish Moving Average Crossover Alert (WEX)

By Shiri Gupta

Today, shares of Wex Inc (NYSE:WEX) have advanced above their 10-day MA of $206.58 on a volume of 137K 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, Wex Inc has traded in a range of $131.35 to $221.66 and is now at $216.29, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.7%.

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

Keywords: moving crosses wex inc

Ticker(s): WEX