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Lumentum Hol Crosses Above its 10-day MA (LITE)

By David Diaz

Today, shares of Lumentum Hol (NASDAQ:LITE) have crossed bullishly above their 10-day moving average of $69.74 on a volume of 221K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Lumentum Hol have traded between a low of $22.04 and a high of $74.40 and are now at $70.50, which is 220% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Lumentum Hol on February 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.08. Since that recommendation, shares of Lumentum Hol have risen 27.7%. 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