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Loews Crosses Above its 10-day MA (L)

By James Quinn

Today, shares of Loews (NYSE:L) have advanced above their 10-day MA of $46.48 on a volume of 146K 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, shares of Loews have traded between a low of $33.84 and a high of $48.05 and are now at $46.76, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Loews and will alert subscribers who have L in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses loews

Ticker(s): L