• Return to Headlines

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

By James Quinn

Lannett Co Inc (NYSE:LCI) crossed under its 10-day moving average of $13.35 on a volume of 137K shares. Swing traders may find 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 Lannett Co Inc have traded between a low of $11.90 and a high of $30.35 and are now at $12.75, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Lannett Co Inc on June 19th, 2018 by issuing a Downtrend alert when the shares were trading at $14.68. Since that call, shares of Lannett Co Inc have fallen 7.7%. 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