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The Top 6 Stock Charts to Watch in December

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Luxottica Group (LUX)

lux 300x173 The Top 6 Stock Charts to Watch in December
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On the other hand, the technical picture for Italian luxury goods company Luxottica Group (LUX) is looking increasingly shaky.

LUX has traded sideways through a range of $50-$56 since the spring, and it opened Tuesday just above $50. At this level, however, it is now below its 200-day moving average, and technicians also will note that its 50-day moving average is on the verge of crossing below the 200 (the so-called “death cross”). At this point, the stock looks destined to slip to at least $45.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/top-stock-charts-watch-december/.

©2014 InvestorPlace Media, LLC

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