Bearish Moving Average Cross by LifePoint Hospitals (LPNT)
LifePoint Hospitals (NASDAQ:LPNT) shares have crossed bearishly below their 10-day moving average of $71.94 on a volume of 137K 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.
Over the past year, LifePoint Hospitals has traded in a range of $58.20 to $88.18 and is now at $68.32, 17% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.
SmarTrend recommended that subscribers consider buying shares of LifePoint Hospitals on March 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.95. Since that recommendation, shares of LifePoint Hospitals have risen 6.1%. We continue to monitor LPNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Lifepoint Hospitals