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Loews Crosses Above its 10-day MA (L)

By Amy Schwartz

Today, shares of Loews (NYSE:L) have advanced above their 10-day MA of $41.20 on a volume of 143K 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.

Over the past year, Loews has traded in a range of $33.84 to $42.07 and is now at $41.47, 23% above that low. Over the last five market days, 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