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Lamar Advertis-A Bearish Moving Average Crossover Alert (LAMR)

By Shiri Gupta

Today, shares of Lamar Advertis-A (NASDAQ:LAMR) have crossed bearishly below their 10-day moving average of $71.56 on a volume of 127K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Lamar Advertis-A have traded between a low of $61.36 and a high of $79.17 and are now at $70.91, which is 16% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Lamar Advertis-A on May 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.31. Since that recommendation, shares of Lamar Advertis-A have risen 6.6%. We continue to monitor LAMR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lamar advertis-a

Ticker(s): LAMR