• Return to Headlines

Lincoln Electric Crosses Below its 10-day MA (LECO)

By Amy Schwartz

Today, shares of Lincoln Electric (NASDAQ:LECO) have fallen below their 10-day MA of $91.43 on a volume of 179K 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.

Over the past year, Lincoln Electric has traded in a range of $56.02 to $101.34 and is now at $90.43, 61% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Lincoln Electric. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lincoln Electric in search of a potential trend change.

Keywords: moving crosses lincoln electric

Ticker(s): LECO