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Bearish Moving Average Cross by Alliant Energy (LNT)

By James Quinn

Today, shares of Alliant Energy (NYSE:LNT) have crossed bearishly below their 10-day moving average of $43.51 on a volume of 259K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Alliant Energy have traded between a low of $36.84 and a high of $45.55 and are now at $43.35, which is 18% 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 remained constant.

SmarTrend recommended that subscribers consider buying shares of Alliant Energy on June 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.78. Since that recommendation, shares of Alliant Energy have risen 7.7%. 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