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Wolverine World Wide Bullish Moving Average Crossover Alert (WWW)

By David Diaz

Today, shares of Wolverine World Wide (NYSE:WWW) have advanced above their 10-day MA of $22.85 on a volume of 570K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Wolverine World Wide have traded between a low of $14.74 and a high of $30.93 and are now at $23.27, which is 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Wolverine World Wide on June 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.43. Since that recommendation, shares of Wolverine World Wide have risen 14.7%. 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 wide

Ticker(s): WWW