• Return to Headlines

L Brands Inc Crosses Above its 10-day MA (LB)

By Nick Russo

Today, shares of L Brands Inc (NYSE:LB) have advanced above their 10-day MA of $29.52 on a volume of 6.0 million shares. Swing traders may find an opportunity 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 $63.10 and a 52-week low of $25.89 and are now trading 23% above that low price at $31.86 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.5%.

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