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

By David Diaz

Today, shares of Lumber Liquidators (NYSE:LL) have fallen below their 10-day MA of $57.67 on a volume of 276K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Lumber Liquidators have traded between a low of $52.76 and a high of $119.98 and are now at $57.13, which is 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.3% while the 200-day MA has slid 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Lumber Liquidators on March 14th, 2014 by issuing a Downtrend alert when the shares were trading at $101.71. Since that call, shares of Lumber Liquidators have fallen 43.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lumber liquidators

Ticker(s): LL