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Bearish Moving Average Cross by Lincoln Electric (LECO)

By David Diaz

Today, shares of Lincoln Electric (NASDAQ:LECO) have crossed bearishly below their 10-day moving average of $89.69 on a volume of 118K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Lincoln Electric share prices have moved between a 52-week high of $97.93 and a 52-week low of $72.27 and are now trading 23% above that low price at $89.14 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Lincoln Electric and will alert subscribers who have LECO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lincoln electric

Ticker(s): LECO