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Wolverine World Bearish Moving Average Crossover Alert (WWW)

By James Quinn

Wolverine World (NYSE:WWW) shares have crossed bearishly below their 10-day moving average of $36.06 on a volume of 276K 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.

In the past 52 weeks, Wolverine World share prices have been bracketed by a low of $25.24 and a high of $36.90 and are now at $35.77, 42% above that low price. The 200-day and 50-day moving averages have moved 0.54% higher and 1.27% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Wolverine World on April 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.44. Since that recommendation, shares of Wolverine World have risen 20.7%. We continue to monitor WWW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wolverine world

Ticker(s): WWW