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Bearish Moving Average Cross by Alliant Energy (LNT)

By James Quinn

Today, shares of Alliant Energy (NYSE:LNT) have fallen below their 10-day MA of $39.77 on a volume of 153K shares. This may provide swing traders with an opportunity 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 $39.62, 46% above that low price. 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 11.3%. 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