Bullish Moving Average Cross by Lincoln Electric Holdings (LECO)
Today, shares of Lincoln Electric Holdings (NASDAQ:LECO) have crossed bullishly above their 10-day moving average of $61.30 on a volume of 140K 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, shares of Lincoln Electric Holdings have traded between a low of $45.54 and a high of $71.15 and are now at $61.48, which is 35% 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 0.7%.
SmarTrend is monitoring the recent change of momentum in Lincoln Electric Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lincoln Electric Holdings in search of a potential trend change.
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