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Bullish Moving Average Cross by Lennar Corp-A (LEN)

By David Diaz

Lennar Corp-A (NYSE:LEN) shares have crossed bullishly above their 10-day moving average of $52.30 on a volume of 178K shares. This may provide swing traders with 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 Lennar Corp-A have traded between a low of $37.29 and a high of $55.77 and are now at $52.42, which is 41% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Lennar Corp-A and will alert subscribers who have LEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lennar corp-a

Ticker(s): LEN