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La-Z-Boy Bearish Moving Average Crossover Alert (LZB)

By David Diaz

La-Z-Boy (NYSE:LZB) crossed under its 10-day moving average of $29.98 on a volume of 1.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, La-Z-Boy has traded in a range of $19.56 to $31.18 and is now at $27.90, 43% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of La-Z-Boy on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.36. Since that recommendation, shares of La-Z-Boy have risen 33.6%. We continue to monitor LZB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses la-z-boy

Ticker(s): LZB