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

By James Quinn

Today, shares of Leucadia National (NYSE:LUK) have fallen below their 10-day MA of $16.81 on a volume of 177K 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.

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 $16.68, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.89% lower and 0.88% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Leucadia National on March 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.26. Since that recommendation, shares of Leucadia National have risen 4.4%. 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