Bullish Moving Average Cross by Lazard (LAZ)
Lazard (NYSE:LAZ) crossed over its 10-day moving average of $35.86 on a volume of 115K 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.
In the past 52 weeks, shares of Lazard have traded between a low of $26.21 and a high of $59.82 and are now at $35.96, which is 37% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of Lazard on July 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.73. Since that recommendation, shares of Lazard have risen 5.8%. We continue to monitor LAZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses lazard