Level 3 Communications Crosses Below its 10-day MA (LVLT)
Level 3 Communications (NYSE:LVLT) crossed under its 10-day moving average of $53.75 on a volume of 1.2 million 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.
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 $52.71, 29% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.
SmarTrend recommended that subscribers consider buying shares of Level 3 Communications on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.03. Since that recommendation, shares of Level 3 Communications have risen 8.3%. We continue to monitor LVLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses level 3 communications