Bearish Moving Average Cross by Lincoln National (LNC)
Today, shares of Lincoln National (NYSE:LNC) have crossed bearishly below their 10-day moving average of $47.06 on a volume of 293K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Lincoln National share prices have been bracketed by a low of $30.39 and a high of $62.08 and are now at $46.94, 54% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.3%.
SmarTrend recommended that subscribers consider buying shares of Lincoln National on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.02. Since that recommendation, shares of Lincoln National have risen 17.2%. We continue to monitor LNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses lincoln national