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Loews Bullish Moving Average Crossover Alert (L)

By David Diaz

Loews (NYSE:L) shares have crossed bullishly above their 10-day moving average of $39.85 on a volume of 177K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Loews has traded in a range of $33.84 to $42.14 and is now at $40.34, 19% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.89% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Loews on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.58. Since that recommendation, shares of Loews have risen 8.5%. We continue to monitor L for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses loews

Ticker(s): L