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Lennar Bullish Moving Average Crossover Alert (LEN)

By Nick Russo

Lennar (NYSE:LEN) shares have crossed bullishly above their 10-day moving average of $41.62 on a volume of 380K 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.

In the past 52 weeks, shares of Lennar have traded between a low of $37.14 and a high of $56.04 and are now at $41.78, which is 12% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Lennar on August 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $45.66. Since that call, shares of Lennar have fallen 9.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Lennar

Ticker(s): LEN