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Bullish Moving Average Cross by Legg Mason (LM)

By Shiri Gupta

Legg Mason (NYSE:LM) shares have crossed bullishly above their 10-day moving average of $33.38 on a volume of 147K 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, Legg Mason share prices have been bracketed by a low of $24.93 and a high of $55.88 and are now at $33.75, 35% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.8%.

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

Keywords: moving crosses Legg Mason

Ticker(s): LM