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

By James Quinn

Lennar Corp-A (NYSE:LEN) shares have crossed bearishly below their 10-day moving average of $51.63 on a volume of 1.1 million 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.

Over the past year, Lennar Corp-A has traded in a range of $48.71 to $72.17 and is now at $51.47, 6% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Lennar Corp-A and will alert subscribers who have LEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lennar corp-a

Ticker(s): LEN