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World Wrestlin-A Crosses Below its 10-day MA (WWE)

By David Diaz

World Wrestlin-A (NYSE:WWE) crossed under its 10-day moving average of $89.75 on a volume of 195K 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, World Wrestlin-A has traded in a range of $34.69 to $97.69 and is now at $89.15, 157% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.8%.

SmarTrend recommended that subscribers consider buying shares of World Wrestlin-A on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.86. Since that recommendation, shares of World Wrestlin-A have risen 21.4%. We continue to monitor WWE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses world wrestlin-a

Ticker(s): WWE