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Lennar Corp-A Crosses Below its 10-day MA (LEN)

By David Diaz

Today, shares of Lennar Corp-A (NYSE:LEN) have crossed bearishly below their 10-day moving average of $52.57 on a volume of 364K 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 Lennar Corp-A have traded between a low of $37.29 and a high of $55.77 and are now at $52.31, which is 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Lennar Corp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lennar Corp-A in search of a potential trend change.

Keywords: moving crosses lennar corp-a

Ticker(s): LEN