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Bearish Moving Average Cross by Lumentum Hol (LITE)

By Amy Schwartz

Today, shares of Lumentum Hol (NASDAQ:LITE) have crossed bearishly below their 10-day moving average of $57.69 on a volume of 2.2 million 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.

Over the past year, Lumentum Hol has traded in a range of $41.95 to $74.40 and is now at $54.05, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Lumentum Hol and will alert subscribers who have LITE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lumentum hol

Ticker(s): LITE