Bullish Moving Average Cross by Level 3 Communications (LVLT)
Today, shares of Level 3 Communications (NYSE:LVLT) have crossed bullishly above their 10-day moving average of $52.02 on a volume of 386K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Level 3 Communications share prices have been bracketed by a low of $40.86 and a high of $57.08 and are now at $52.14, 28% above that low price. 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 recommended that subscribers consider buying shares of Level 3 Communications on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.03. Since that recommendation, shares of Level 3 Communications have risen 3.5%. We continue to monitor LVLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses level 3 communications