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Downgrade Alert for Western Union (WU)

By David Diaz

Western Union (NYSE:WU) was downgraded from Buy to Neutral at Monness Crespi today. The stock closed yesterday at $21.31 on volume of 3.7 million shares, below average daily volume of 4.4 million.

Over the past year, Western Union has traded in a range of $16.02 to $22.84 and closed yesterday at $21.31, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Western Union (NYSE:WU) is currently priced 5.7% above its average consensus analyst price target of $20.09. Western Union shares have support at the 50-day moving average (MA) of $19.37 and additional support at the 200-day MA of $18.76.

Western Union Company offers money transfer services. The Company offers consumer to consumer money transfer and bill paying services, and sells money orders.

SmarTrend recommended that subscribers consider buying shares of Western Union on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.05. Since that recommendation, shares of Western Union have risen 8.6%. We continue to monitor WU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Western Union

Ticker(s): WU