Werner Enterprises (NASDAQ:WERN) shares have crossed bearishly below their 10-day moving average of $25.67 on a volume of 136K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Werner Enterprises share prices have moved between a 52-week high of $27.17 and a 52-week low of $19.78 and are now trading 29% above that low price at $25.52 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
Werner Enterprises, Inc. is a transportation company that primarily hauls truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates in the continental United States, as well as in Canada and Mexico.
Werner Enterprises (NASDAQ:WERN) has potential upside of 7.9% based on a current price of $25.52 and analysts' consensus price target of $27.54. The stock should find initial support at its 50-day moving average (MA) of $24.15 and further support at its 200-day MA of $23.90.
