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Bullish Moving Average Cross by Lazard Ltd-Cl A (LAZ)

By James Quinn

Lazard Ltd-Cl A (NYSE:LAZ) crossed over its 10-day moving average of $32.89 on a volume of 130K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Lazard Ltd-Cl A has traded in a range of $31.07 to $55.23 and is now at $33.78, 9% above that low. The 200-day and 50-day moving averages have moved 0.69% lower and 0.88% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Lazard Ltd-Cl A on May 13th, 2019 by issuing a Downtrend alert when the shares were trading at $35.42. Since that call, shares of Lazard Ltd-Cl A have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lazard ltd-cl a

Ticker(s): LAZ