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Downgrade Alert for Western Union (WU)

By James Quinn

Western Union (NYSE:WU) was downgraded from Neutral to Negative at Susquehanna today. The stock closed yesterday at $20.00 on volume of 3.9 million shares, below average daily volume of 4.4 million.

Western Union has overhead space with shares priced $20.00, or 0.5% below the average consensus analyst price target of $20.09. The stock should find initial support at its 50-day moving average (MA) of $19.37 and further support at its 200-day MA of $18.76.

In the past 52 weeks, shares of Western Union have traded between a low of $16.02 and a high of $22.84 and closed yesterday at $20.00, which is 25% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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

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

Keywords: analyst upgrades/downgrades Western Union

Ticker(s): WU