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

By Shiri Gupta

Lumentum Hol (NASDAQ:LITE) shares have crossed bearishly below their 10-day moving average of $58.37 on a volume of 207K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Lumentum Hol have traded between a low of $37.00 and a high of $65.90 and are now at $58.23, which is 57% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.0%.

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 19.8%. 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