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Wolverine World Wide Crosses Above its 10-day MA (WWW)

By Amy Schwartz

Today, shares of Wolverine World Wide (NYSE:WWW) have crossed bullishly above their 10-day moving average of $22.60 on a volume of 177K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Wolverine World Wide share prices have moved between a 52-week high of $30.93 and a 52-week low of $14.74 and are now trading 56% above that low price at $22.97 per share. The 200-day and 50-day moving averages have moved 0.95% lower and 0.74% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Wolverine World Wide on September 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $23.27. Since that call, shares of Wolverine World Wide have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wolverine world wide

Ticker(s): WWW