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Western Union (WU) Breaks Through Support at $23.61

By Nick Russo

Shares of Western Union (NYSE:WU) opened today below their pivot of $23.84 and have already reached the first level of support at $23.61. Should the shares continue to fall, the support pivots of $23.46 and $23.08 will be of interest.

Western Union share prices have moved between a 52-week high of $24.07 and a 52-week low of $16.42 and are now trading 44% above that low price at $23.61 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.4%.

Western Union (NYSE:WU) is currently priced 11.3% above its average consensus analyst price target of $20.93. Western Union shares have support at the 50-day moving average (MA) of $21.10 and additional support at the 200-day MA of $19.22.

SmarTrend recommended that subscribers consider buying shares of Western Union on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.40. Since that recommendation, shares of Western Union have risen 29.1%. We continue to monitor WU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Western Union

Ticker(s): WU