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L Brands Inc Bullish Moving Average Crossover Alert (LB)

By David Diaz

Today, shares of L Brands Inc (NYSE:LB) have advanced above their 10-day MA of $36.48 on a volume of 1.0 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

L Brands Inc share prices have moved between a 52-week high of $79.67 and a 52-week low of $35.00 and are now trading 7% above that low price at $37.54 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of L Brands Inc on July 10th, 2017 by issuing a Downtrend alert when the shares were trading at $44.49. Since that call, shares of L Brands Inc have fallen 18.6%. 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