• Return to Headlines

Bearish Moving Average Cross by Leggett & Platt (LEG)

By Amy Schwartz

Today, shares of Leggett & Platt (NYSE:LEG) have fallen below their 10-day MA of $38.65 on a volume of 115K 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 Leggett & Platt have traded between a low of $33.48 and a high of $46.71 and are now at $38.41, which is 15% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Leggett & Platt and will alert subscribers who have LEG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses leggett & platt

Ticker(s): LEG