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Western Alliance Crosses Above its 10-day MA (WAL)

By Shiri Gupta

Today, shares of Western Alliance (NYSE:WAL) have advanced above their 10-day MA of $29.54 on a volume of 102K 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.

In the past 52 weeks, shares of Western Alliance have traded between a low of $20.90 and a high of $58.94 and are now at $29.70, which is 42% above that low price. The 200-day and 50-day moving averages have moved 0.57% lower and 4.72% lower over the past week, respectively.

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

Keywords: moving crosses western alliance

Ticker(s): WAL