Lumber Liquidators Crosses Below its 10-day MA (LL)
Today, shares of Lumber Liquidators (NYSE:LL) have fallen below their 10-day MA of $66.14 on a volume of 116K shares. This may provide swing traders with an opportunity 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 $23.05 and a high of $68.28 and are now at $65.60, which is 185% above that low price. Over the past week, the 200-day moving average (MA) has gone up 2.0% while the 50-day MA has advanced 2.6%.
SmarTrend recommended that subscribers consider buying shares of Lumber Liquidators on January 9th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.68. Since that recommendation, shares of Lumber Liquidators have risen 20.1%. We continue to monitor LL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses lumber liquidators