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Bullish Moving Average Cross by Lumentum Hol (LITE)

By Shiri Gupta

Lumentum Hol (NASDAQ:LITE) shares have crossed bullishly above their 10-day moving average of $63.32 on a volume of 183K 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 Lumentum Hol have traded between a low of $41.95 and a high of $74.40 and are now at $63.79, which is 52% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that subscribers consider buying shares of Lumentum Hol on May 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.33. Since that recommendation, shares of Lumentum Hol have risen 5.4%. We continue to monitor LITE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lumentum hol

Ticker(s): LITE