• Return to Headlines

Bearish Moving Average Cross by Leggett & Platt (LEG)

By Shiri Gupta

Leggett & Platt (NYSE:LEG) shares have crossed bearishly below their 10-day moving average of $44.34 on a volume of 284K 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.

Leggett & Platt share prices have moved between a 52-week high of $54.97 and a 52-week low of $41.25 and are now trading 5% above that low price at $43.35 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

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