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Bullish Moving Average Cross by Legg Mason Inc (LM)

By Nick Russo

Legg Mason Inc (NYSE:LM) crossed over its 10-day moving average of $30.63 on a volume of 372K shares. Swing traders may find 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 Legg Mason Inc have traded between a low of $29.54 and a high of $47.13 and are now at $30.83, which is 4% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Legg Mason Inc on April 13th, 2018 by issuing a Downtrend alert when the shares were trading at $38.15. Since that call, shares of Legg Mason Inc have fallen 22.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses legg mason inc

Ticker(s): LM