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Legg Mason Inc Bullish Moving Average Crossover Alert (LM)

By David Diaz

Legg Mason Inc (NYSE:LM) shares have crossed bullishly above their 10-day moving average of $35.96 on a volume of 169K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Legg Mason Inc has traded in a range of $35.05 to $47.13 and is now at $36.12, 3% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Legg Mason Inc on April 13th, 2018 by issuing a Downtrend alert when the shares were trading at $38.15. Since that call, shares of Legg Mason Inc have fallen 6.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses legg mason inc

Ticker(s): LM