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After Yesterday's Decline of 1.02%, Western Alliance Offers Investors Better Value

By Shiri Gupta

Western Alliance (NYSE:WAL) traded in a range yesterday that spanned from a low of $47.37 to a high of $48.61. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $47.79 on volume of 263,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Western Alliance and will alert subscribers who have WAL in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Western Alliance has traded in a range of $29.72 to $53.84 and is now at $47.44, 60% above that low. The 200-day and 50-day moving averages have moved 0.04% higher and 1.37% higher over the past week, respectively.

Keywords: rebounders western alliance

Ticker(s): WAL