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Bearish Moving Average Cross by Lincoln Natl Crp (LNC)

By Nick Russo

Lincoln Natl Crp (NYSE:LNC) crossed under its 10-day moving average of $54.18 on a volume of 186K 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 Natl Crp share prices have been bracketed by a low of $48.07 and a high of $71.27 and are now at $53.49, 11% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Lincoln Natl Crp on August 1st, 2019 by issuing a Downtrend alert when the shares were trading at $62.16. Since that call, shares of Lincoln Natl Crp have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lincoln natl crp

Ticker(s): LNC