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Bearish Moving Average Cross by Lear (LEA)

By Amy Schwartz

Today, shares of Lear (NYSE:LEA) have crossed bearishly below their 10-day moving average of $149.64 on a volume of 240K 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.

Over the past year, Lear has traded in a range of $89.71 to $153.28 and is now at $148.53, 66% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 1.02% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Lear on April 20th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $140.25. Since that recommendation, shares of Lear have risen 9.0%. We continue to monitor LEA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Lear

Ticker(s): LEA