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Lennar Crosses Above its 10-day MA (LEN)

By Shiri Gupta

Today, shares of Lennar (NYSE:LEN) have crossed bullishly above their 10-day moving average of $43.96 on a volume of 433K 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 $44.36, 19% 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 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