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Bullish Moving Average Cross by Lincoln Electric (LECO)

By David Diaz

Today, shares of Lincoln Electric (NASDAQ:LECO) have crossed bullishly above their 10-day moving average of $81.58 on a volume of 104K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Lincoln Electric have traded between a low of $72.27 and a high of $97.93 and are now at $83.19, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.38% lower and 0.69% lower over the past week, respectively.

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

Keywords: moving crosses lincoln electric

Ticker(s): LECO