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Western Union Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Western Union (NYSE:WU) traded today at a new 52-week high of $24.17. So far today approximately 54,000 shares have been exchanged, as compared to an average 30-day volume of 6.2 million shares.

Western Union (NYSE:WU) defies analysts with a current price ($24.10) 13.1% above its average consensus price target of $20.93. Western Union shares have support at the 50-day moving average (MA) of $22.49 and additional support at the 200-day MA of $19.94.

In the past 52 weeks, Western Union share prices have been bracketed by a low of $16.42 and a high of $24.17 and are now at $24.10, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

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

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

Keywords: 52 week high/lows Western Union

Ticker(s): WU