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

By David Diaz

Today, shares of Level 3 Communications (NYSE:LVLT) have crossed bearishly below their 10-day moving average of $59.73 on a volume of 242K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Level 3 Communications has traded in a range of $40.86 to $61.42 and is now at $59.58, 46% above that low. 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 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

Ticker(s): LVLT