Lennar Crosses Below its 10-day MA (LEN)
Today, shares of Lennar (NYSE:LEN) have crossed bearishly below their 10-day moving average of $47.58 on a volume of 329K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Lennar share prices have moved between a 52-week high of $56.04 and a 52-week low of $37.14 and are now trading 27% above that low price at $47.12 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.1%.
SmarTrend recommended that subscribers consider buying shares of Lennar on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.72. Since that recommendation, shares of Lennar have risen 14.3%. We continue to monitor LEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Lennar