Bullish Moving Average Cross by Legg Mason (LM)
Legg Mason (NYSE:LM) crossed over its 10-day moving average of $32.01 on a volume of 152K 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.
Legg Mason share prices have moved between a 52-week high of $55.88 and a 52-week low of $24.93 and are now trading 29% above that low price at $32.14 per share. The 200-day and 50-day moving averages have moved 0.92% lower and 0.79% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Legg Mason. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Legg Mason in search of a potential trend change.
Keywords: moving crosses Legg Mason