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L Brands Inc Bearish Moving Average Crossover Alert (LB)

By Shiri Gupta

Today, shares of L Brands Inc (NYSE:LB) have crossed bearishly below their 10-day moving average of $36.40 on a volume of 5.5 million 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 L Brands Inc have traded between a low of $30.70 and a high of $63.10 and are now at $33.19, which is 8% above that low price. The 200-day and 50-day moving averages have moved 0.02% lower and 0.36% higher over the past week, respectively.

SmarTrend is tracking the current trend status for L Brands Inc and will alert subscribers who have LB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses l brands inc

Ticker(s): LB