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Bullish Moving Average Cross by Lear (LEA)

By Shiri Gupta

Today, shares of Lear (NYSE:LEA) have crossed bullishly above their 10-day moving average of $112.89 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.

In the past 52 weeks, Lear share prices have been bracketed by a low of $89.71 and a high of $127.00 and are now at $114.99, 28% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

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

Keywords: moving crosses Lear

Ticker(s): LEA