Bearish Moving Average Cross by Live Nation (LYV)
Live Nation (NYSE:LYV) crossed under its 10-day moving average of $21.70 on a volume of 136K 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.
In the past 52 weeks, shares of Live Nation have traded between a low of $18.77 and a high of $29.68 and are now at $21.54, which is 15% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.
SmarTrend is tracking the current trend status for Live Nation and will alert subscribers who have LYV in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Live Nation