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Bullish Moving Average Cross by Level 3 Communications (LVLT)

By Amy Schwartz

Today, shares of Level 3 Communications (NYSE:LVLT) have advanced above their 10-day MA of $59.77 on a volume of 418K 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.

Level 3 Communications share prices have moved between a 52-week high of $61.50 and a 52-week low of $40.86 and are now trading 50% above that low price at $61.48 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Level 3 Communications and will alert subscribers who have LVLT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses level 3 communications

Ticker(s): LVLT