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Lannett Co Inc Crosses Below its 10-day MA (LCI)

By Amy Schwartz

Today, shares of Lannett Co Inc (NYSE:LCI) have crossed bearishly below their 10-day moving average of $16.46 on a volume of 200K 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.

In the past 52 weeks, shares of Lannett Co Inc have traded between a low of $14.90 and a high of $39.99 and are now at $16.25, which is 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.2% while the 50-day MA has declined 2.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Lannett Co Inc on December 21st, 2017 by issuing a Downtrend alert when the shares were trading at $25.38. Since that call, shares of Lannett Co Inc have fallen 33.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lannett co inc

Ticker(s): LCI