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Lithia Motors-A Crosses Above its 10-day MA (LAD)

By Amy Schwartz

Lithia Motors-A (NYSE:LAD) shares have crossed bullishly above their 10-day moving average of $97.64 on a volume of 162K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Lithia Motors-A share prices have been bracketed by a low of $67.90 and a high of $105.64 and are now at $105.00, 55% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Lithia Motors-A and will alert subscribers who have LAD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lithia motors-a

Ticker(s): LAD