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Shares of L Brands Inc Fall Below Previous 52-Week Low

By James Quinn

Shares of L Brands Inc (NYSE:LB) traded today at $18.18, breaking its 52-week low. So far today approximately 7.5 million shares have been exchanged, as compared to an average 30-day volume of 4.4 million shares.

L Brands Inc has overhead space with shares priced $18.18, or 54.3% below the average consensus analyst price target of $39.77. The stock should find initial resistance at its 50-day moving average (MA) of $24.39 and further resistance at its 200-day MA of $26.72.

L Brands, Inc. sells women's apparel and beauty products. The Company offers various products including women's apparel, women's lingerie, beauty and personal care products, home fragrances, and other related products and accessories. L Brands serves customers in the United States, Canada, and the United Kingdom through specialty retail stores, websites, and catalogues.

L Brands Inc share prices have moved between a 52-week high of $38.00 and the current low of $18.18 and are currently at $18.18 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of L Brands Inc on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $24.43. Since that call, shares of L Brands Inc have fallen 16.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows l brands inc

Ticker(s): LB