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Bullish Moving Average Cross by Leucadia Natl (LUK)

By James Quinn

Today, shares of Leucadia Natl (NYSE:LUK) have advanced above their 10-day MA of $23.94 on a volume of 238K 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.

Leucadia Natl share prices have moved between a 52-week high of $27.34 and a 52-week low of $15.48 and are now trading 55% above that low price at $24.05 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 its subscribers protect gains by selling shares of Leucadia Natl on August 11th, 2017 by issuing a Downtrend alert when the shares were trading at $24.97. Since that call, shares of Leucadia Natl have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses leucadia natl

Ticker(s): LUK