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Bearish Moving Average Cross by Lithia Motors-A (LAD)

By Amy Schwartz

Lithia Motors-A (NYSE:LAD) crossed under its 10-day moving average of $96.57 on a volume of 285K 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.

Lithia Motors-A share prices have moved between a 52-week high of $127.99 and a 52-week low of $93.24 and are now trading 2% above that low price at $95.02 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Lithia Motors-A and will alert subscribers who have LAD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lithia motors-a

Ticker(s): LAD