• Return to Headlines

Wabco Holdings Falls 2.03% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Wabco Holdings (NYSE:WBC) traded in a range yesterday that spanned from a low of $106.80 to a high of $110.73. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $109.06 on volume of 233,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Wabco Holdings share prices have been bracketed by a current low of $106.81 and a high of $162.20 and are now at $106.99. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Wabco Holdings on September 12th, 2018 by issuing a Downtrend alert when the shares were trading at $115.00. Since that call, shares of Wabco Holdings have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders wabco holdings

Ticker(s): WBC