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Lumentum Hol Bearish Moving Average Crossover Alert (LITE)

By David Diaz

Lumentum Hol (NASDAQ:LITE) crossed under its 10-day moving average of $58.77 on a volume of 272K 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, Lumentum Hol has traded in a range of $37.00 to $69.95 and is now at $57.38, 55% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.0%.

SmarTrend recommended that subscribers consider buying shares of Lumentum Hol on June 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.45. Since that recommendation, shares of Lumentum Hol have risen 18.8%. We continue to monitor LITE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lumentum hol

Ticker(s): LITE