• Return to Headlines

Bearish Moving Average Cross by Lendingtree Inc (TREE)

By Shiri Gupta

Lendingtree Inc (NASDAQ:TREE) shares have crossed bearishly below their 10-day moving average of $412.17 on a volume of 389K 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.

Lendingtree Inc share prices have moved between a 52-week high of $434.52 and a 52-week low of $183.25 and are now trading 93% above that low price at $352.96 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Lendingtree Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $226.74. Since that recommendation, shares of Lendingtree Inc have risen 82.5%. We continue to monitor TREE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lendingtree inc

Ticker(s): TREE