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Bullish Moving Average Cross by La-Z-Boy (LZB)

By Amy Schwartz

La-Z-Boy (NYSE:LZB) shares have crossed bullishly above their 10-day moving average of $26.15 on a volume of 315K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, La-Z-Boy has traded in a range of $19.56 to $29.34 and is now at $27.01, 38% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of La-Z-Boy on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.36. Since that recommendation, shares of La-Z-Boy have risen 10.0%. We continue to monitor LZB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses la-z-boy

Ticker(s): LZB