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Leucadia National Crosses Below its 10-day MA (LUK)

By David Diaz

Leucadia National (NYSE:LUK) shares have crossed bearishly below their 10-day moving average of $19.23 on a volume of 390K 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 Leucadia National have traded between a low of $14.27 and a high of $25.39 and are now at $18.89, which is 32% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Leucadia National on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.98. Since that recommendation, shares of Leucadia National have risen 7.9%. We continue to monitor LUK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses leucadia national

Ticker(s): LUK