Bearish Moving Average Cross by Lennar (LEN)
Lennar (NYSE:LEN) shares have crossed bearishly below their 10-day moving average of $48.72 on a volume of 234K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Lennar has traded in a range of $37.14 to $56.04 and is now at $48.22, 30% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.
SmarTrend is monitoring the recent change of momentum in Lennar. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lennar in search of a potential trend change.
Keywords: moving crosses Lennar