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Lincoln National Crosses Above its 10-day MA (LNC)

By David Diaz

Lincoln National (NYSE:LNC) shares have crossed bullishly above their 10-day moving average of $46.35 on a volume of 224K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Lincoln National share prices have been bracketed by a low of $30.39 and a high of $62.08 and are now at $46.50, 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Lincoln National on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.02. Since that recommendation, shares of Lincoln National have risen 11.8%. We continue to monitor LNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lincoln national

Ticker(s): LNC