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

By Shiri Gupta

Today, shares of Wolverine World Wide (NYSE:WWW) have fallen below their 10-day MA of $24.98 on a volume of 192K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Wolverine World Wide has traded in a range of $14.74 to $30.93 and is now at $24.52, 66% above that low. 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 is monitoring the recent change of momentum in Wolverine World Wide. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wolverine World Wide in search of a potential trend change.

Keywords: moving crosses wolverine world wide

Ticker(s): WWW