Markets finish week down after bouncing on Bannon's exit >>> READ MORE

The Top 6 Stock Charts to Watch in December

Trading opportunities are at hand in five stocks and one ETF

      View All  

Luxottica Group (LUX)

Click to Enlarge
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,

©2017 InvestorPlace Media, LLC