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Watch for Shares of Loews Corp (L) to Approach Resistance at $47.59

By Amy Schwartz

Shares of Loews Corp (NYSE:L) have bullishly opened above the pivot of $47.33 today and have reached the first resistance level of $47.45. Analysts will be watching for a cross of the next upside pivot targets of $47.59 and $47.85.

In the past 52 weeks, shares of Loews Corp have traded between a low of $42.06 and a high of $53.04 and are now at $47.57, which is 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

There is potential upside of 7.2% for shares of Loews Corp based on a current price of $47.57 and an average consensus analyst price target of $51.00. Loews Corp shares should encounter resistance at the 200-day moving average (MA) of $48.28 and support at the 50-day MA of $47.38.

SmarTrend is tracking the current trend status for Loews Corp and will alert subscribers who have L in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts Loews Corp

Ticker(s): L