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

By Amy Schwartz

Today, shares of Level 3 Communications (NYSE:LVLT) have fallen below their 10-day MA of $49.03 on a volume of 468K shares. Swing traders may find an opportunity 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 $57.59 and are now at $48.90, 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Level 3 Communications on July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $51.47. Since that call, shares of Level 3 Communications have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses level 3 communications

Ticker(s): LVLT