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Bullish Moving Average Cross by Lennar (LEN)

By Nick Russo

Lennar (NYSE:LEN) crossed over its 10-day moving average of $46.92 on a volume of 739K 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 have traded between a low of $37.14 and a high of $56.04 and are now at $47.39, which is 28% above that low price. The 200-day and 50-day moving averages have moved 0.31% lower and 0.70% higher over the past week, respectively.

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

Keywords: moving crosses Lennar

Ticker(s): LEN