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Bullish Moving Average Cross by Legg Mason (LM)

By David Diaz

Today, shares of Legg Mason (NYSE:LM) have advanced above their 10-day MA of $34.37 on a volume of 146K 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, Legg Mason has traded in a range of $24.93 to $55.88 and is now at $34.65, 39% above that low. 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