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Western Alliance Bancorporation (WAL) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Major Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bullish EngulfingBullish EngulfingThu, 02 Nov 2017-3.17%
***Stock database and scans are updated around midnight (New York time) every trading day.
54.72 0.00 (0%) Nov 17 4:00pm EDT
Open: 53.85 Range: 53.76 - 54.90 Vol: 385.65K Avg Vol: 635.5K
EPS: 2.77 P/E ratio: 20.15 EBITDA: 0.00 Mkt Cap: 5.81B
Analyze "WAL" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 54.18
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 55.20
Last Trade is above the 50 day moving average at 52.92
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 49.84
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of WAL

Stock Trend Analysis - Buy, Sell or Hold "Western Alliance Bancorporation" (WAL)?

WAL is in a very strong uptrend. In the last 52 weeks, WAL has been trading above the 200 day moving average for 91% of the time with an average daily volume of 635.5K shares being traded. The 50 day moving average, currently at 52.92, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average, although in a trading range, generally confirms this view as the underlying strength in WAL still has a bullish bias with price maintaining above the 20 SMA for 72.5% of the time in the last two months of trading. Traders who are thinking of going long WAL shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 52.92 and 49.84 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "WAL".

The analyst consensus estimates for the 1 year price target for this stock is $62.95* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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