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Leucadia National (LUK) Breaks Through Support at $26.09

By David Diaz

Leucadia National (NYSE:LUK) has opened bearishly below the pivot of $26.19 today and has reached the first level of support at $26.09. Investors may be interested in a cross of the next downside pivot targets of $25.94 and $25.69.

Leucadia National has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $31.00. The stock should run into initial resistance at its 50-day moving average (MA) of $16.06 and subsequent resistance at its 200-day MA of $18.29.

In the past 52 weeks, Leucadia National share prices have been bracketed by a current low of $0.00 and a high of $27.33 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.9%.

SmarTrend is monitoring the recent change of momentum in Leucadia National. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Leucadia National in search of a potential trend change.

Keywords: pivot alerts leucadia national

Ticker(s): LUK