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Alliant Energy Bearish Moving Average Crossover Alert (LNT)

By Shiri Gupta

Alliant Energy (NYSE:LNT) shares have crossed bearishly below their 10-day moving average of $39.74 on a volume of 181K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Alliant Energy share prices have been bracketed by a low of $27.14 and a high of $40.99 and are now at $39.49, 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Alliant Energy on December 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.61. Since that recommendation, shares of Alliant Energy have risen 6.0%. 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

Ticker(s): LNT