Level 3 Communications Bearish Moving Average Crossover Alert (LVLT)
Today, shares of Level 3 Communications (NYSE:LVLT) have crossed bearishly below their 10-day moving average of $50.45 on a volume of 317K 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, Level 3 Communications share prices have been bracketed by a low of $40.86 and a high of $57.08 and are now at $50.27, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
SmarTrend is monitoring the recent change of momentum in Level 3 Communications. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Level 3 Communications in search of a potential trend change.
Keywords: moving crosses level 3 communications