Bullish Moving Average Cross by Loews (L)
Today, shares of Loews (NYSE:L) have advanced above their 10-day MA of $39.68 on a volume of 111K 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.
Loews share prices have moved between a 52-week high of $41.96 and a 52-week low of $33.84 and are now trading 18% above that low price at $39.82 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 0.65% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Loews on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.58. Since that recommendation, shares of Loews have risen 7.6%. We continue to monitor L for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses loews