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Bullish Moving Average Cross by Leucadia National (LUK)

By Shiri Gupta

Today, shares of Leucadia National (NYSE:LUK) have crossed bullishly above their 10-day moving average of $25.77 on a volume of 270K 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.

Leucadia National share prices have moved between a 52-week high of $27.33 and a 52-week low of $14.27 and are now trading 84% above that low price at $26.24 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Leucadia National on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.15. Since that recommendation, shares of Leucadia National have risen 26.6%. We continue to monitor LUK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses leucadia national

Ticker(s): LUK