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Bullish Moving Average Cross by Level 3 Communications (LVLT)

By Amy Schwartz

Level 3 Communications (NYSE:LVLT) shares have crossed bullishly above their 10-day moving average of $45.67 on a volume of 763K 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.

Over the past year, Level 3 Communications has traded in a range of $40.86 to $57.59 and is now at $46.25, 13% above that low. The 200-day and 50-day moving averages have moved 0.07% lower and 0.47% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Level 3 Communications on July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $51.47. Since that call, shares of Level 3 Communications have fallen 12.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses level 3 communications

Ticker(s): LVLT