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Bullish Moving Average Cross by Wex Inc (WEX)

By Amy Schwartz

Wex Inc (NYSE:WEX) shares have crossed bullishly above their 10-day moving average of $104.92 on a volume of 132K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Wex Inc has traded in a range of $71.12 to $236.52 and is now at $111.00, 56% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 6.7% while the 200-day MA has slid 1.3%.

SmarTrend is monitoring the recent change of momentum in Wex Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wex Inc in search of a potential trend change.

Keywords: moving crosses wex inc

Ticker(s): WEX