• Return to Headlines

Lumber Liquidato Crosses Below its 10-day MA (LL)

By Shiri Gupta

Lumber Liquidato (NYSE:LL) crossed under its 10-day moving average of $13.01 on a volume of 253K 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, Lumber Liquidato has traded in a range of $8.81 to $26.92 and is now at $12.73, 44% above that low. The 200-day and 50-day moving averages have moved 2.24% lower and 1.54% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Lumber Liquidato on April 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.99. Since that recommendation, shares of Lumber Liquidato have risen 10.7%. We continue to monitor LL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lumber liquidato

Ticker(s): LL