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Level 3 Comm Inc Crosses Below its 10-day MA (LVLT)

By James Quinn

Level 3 Comm Inc (NYSE:LVLT) crossed under its 10-day moving average of $54.47 on a volume of 335K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Level 3 Comm Inc share prices have moved between a 52-week high of $64.61 and a 52-week low of $44.01 and are now trading 23% above that low price at $54.23 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Level 3 Comm Inc on June 30th, 2017 by issuing a Downtrend alert when the shares were trading at $59.61. Since that call, shares of Level 3 Comm Inc have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses level 3 comm inc

Ticker(s): LVLT