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

By David Diaz

Today, shares of L Brands Inc (NYSE:LB) have advanced above their 10-day MA of $23.20 on a volume of 475K 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, L Brands Inc share prices have been bracketed by a low of $21.50 and a high of $38.14 and are now at $23.53, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of L Brands Inc on November 20th, 2018 by issuing a Downtrend alert when the shares were trading at $29.96. Since that call, shares of L Brands Inc have fallen 24.0%. 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