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Loews Crosses Below its 10-day MA (L)

By Shiri Gupta

Loews (NYSE:L) crossed under its 10-day moving average of $41.19 on a volume of 164K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Loews has traded in a range of $33.84 to $41.96 and is now at $40.93, 21% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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 13.0%. 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