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Bullish Moving Average Cross by Lear Corp (LEA)

By Amy Schwartz

Today, shares of Lear Corp (NYSE:LEA) have crossed bullishly above their 10-day moving average of $160.18 on a volume of 243K 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.

In the past 52 weeks, Lear Corp share prices have been bracketed by a low of $150.85 and a high of $206.36 and are now at $161.24, 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Lear Corp on June 19th, 2018 by issuing a Downtrend alert when the shares were trading at $198.44. Since that call, shares of Lear Corp have fallen 20.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lear corp

Ticker(s): LEA