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Lennar Crosses Above its 10-day MA (LEN)

By Amy Schwartz

Today, shares of Lennar (NYSE:LEN) have advanced above their 10-day MA of $53.07 on a volume of 2.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Lennar share prices have been bracketed by a low of $37.14 and a high of $56.04 and are now at $55.08, 48% above that low price. The 200-day and 50-day moving averages have moved 0.31% lower and 0.70% higher over the past week, respectively.

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

Keywords: moving crosses Lennar

Ticker(s): LEN