Today, shares of Lumber Liquidators (NYSE:LL) have fallen belowtheir 10-day MA of $26.14 on a volume of 112K shares. This may provide short-term investors a chance for a short position as such a crossover often suggests lower prices in the near term. Watch for Lumber Liquidators's close below this MA level for confirmation.
Lumber Liquidators share prices have moved between a 52-week high of $30.39 and a 52-week low of $19.33 and are now trading 34% above that low price at $25.81 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.23% while the 50-day MA has advanced 0.48%.
Lumber Liquidators, Inc. retails hardwood flooring in the United States. The Company sells domestic and exotic wood species in both prefinished and unfinished forms.
By Adrienne Chilton
achilton@fnno.com
http://www.fnno.com/story/moving-average-crossovers/331-lumber-liquidators-bearish-moving-average-crossover-alert-ll-moving-average-crossovers
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