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Bearish Moving Average Cross by Lear (LEA)

By Amy Schwartz

Today, shares of Lear (NYSE:LEA) have fallen below their 10-day MA of $114.53 on a volume of 166K 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, shares of Lear have traded between a low of $89.71 and a high of $127.00 and are now at $113.26, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Lear. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lear in search of a potential trend change.

Keywords: moving crosses Lear

Ticker(s): LEA