Level 3 Communications Bullish Moving Average Crossover Alert (LVLT)
Level 3 Communications (NYSE:LVLT) crossed over its 10-day moving average of $52.01 on a volume of 128K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Level 3 Communications has traded in a range of $40.86 to $57.08 and is now at $52.15, 28% above that low. 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 is tracking the current trend status for Level 3 Communications and will alert subscribers who have LVLT in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses level 3 communications