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Bullish Moving Average Cross by Liberty Prop (LPT)

By Nick Russo

Liberty Prop (NYSE:LPT) shares have crossed bullishly above their 10-day moving average of $39.38 on a volume of 167K 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, Liberty Prop share prices have been bracketed by a low of $36.22 and a high of $45.40 and are now at $39.70, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Liberty Prop on December 20th, 2017 by issuing a Downtrend alert when the shares were trading at $43.22. Since that call, shares of Liberty Prop have fallen 9.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses liberty prop

Ticker(s): LPT