Alliant Energy Bearish Moving Average Crossover Alert (LNT)
Alliant Energy (NYSE:LNT) crossed under its 10-day moving average of $40.16 on a volume of 285K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Alliant Energy has traded in a range of $27.14 to $40.99 and is now at $39.97, 47% above that low. The 200-day and 50-day moving averages have moved 0.34% higher and 0.22% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Alliant Energy on May 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.03. Since that recommendation, shares of Alliant Energy have risen 12.6%. We continue to monitor LNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses alliant energy