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

By James Quinn

Today, shares of Lumentum Hol (NASDAQ:LITE) have crossed bullishly above their 10-day moving average of $53.18 on a volume of 187K 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.

Lumentum Hol share prices have moved between a 52-week high of $69.95 and a 52-week low of $37.00 and are now trading 45% above that low price at $53.68 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.4%.

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 7.2%. 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