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Bearish Moving Average Cross by Liberty Global (LBTYK)

By David Diaz

Liberty Global (NASDAQ:LBTYK) crossed under its 10-day moving average of $37.23 on a volume of 469K 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 Liberty Global have traded between a low of $29.95 and a high of $54.74 and are now at $36.79, which is 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Liberty Global on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.87. Since that recommendation, shares of Liberty Global have risen 7.2%. We continue to monitor LBTYK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses liberty global

Ticker(s): LBTYK