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Bullish Moving Average Cross by LPL Investment Holdings (LPLA)

By James Quinn

LPL Investment Holdings (NASDAQ:LPLA) shares have crossed bullishly above their 10-day moving average of $31.22 on a volume of 181K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

LPL Investment Holdings share prices have moved between a 52-week high of $48.18 and a 52-week low of $15.38 and are now trading 104% above that low price at $31.45 per share. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that subscribers consider buying shares of LPL Investment Holdings on July 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.57. Since that recommendation, shares of LPL Investment Holdings have risen 15.3%. We continue to monitor LPLA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lpl investment holdings

Ticker(s): LPLA