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Bearish Moving Average Cross by Lions Gate Entertainment (LGF)

By Shiri Gupta

Today, shares of Lions Gate Entertainment (NYSE:LGF) have crossed bearishly below their 10-day moving average of $21.50 on a volume of 213K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Lions Gate Entertainment share prices have moved between a 52-week high of $41.41 and a 52-week low of $16.21 and are now trading 32% above that low price at $21.35 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 1%.

SmarTrend is tracking the current trend status for Lions Gate Entertainment and will alert subscribers who have LGF in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Lions Gate Entertainment

Ticker(s): LGF