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Bullish Moving Average Cross by L Brands Inc (LB)

By Shiri Gupta

L Brands Inc (NYSE:LB) shares have crossed bullishly above their 10-day moving average of $33.56 on a volume of 817K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of L Brands Inc have traded between a low of $30.70 and a high of $79.67 and are now at $34.10, which is 11% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 0.61% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of L Brands Inc on January 4th, 2018 by issuing a Downtrend alert when the shares were trading at $50.79. Since that call, shares of L Brands Inc have fallen 34.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses l brands inc

Ticker(s): LB