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Shares of Lsb Indus Inc Fall Below Previous 52-Week Low

By Shiri Gupta

Lsb Indus Inc (NYSE:LXU) traded today at a new 52-week low of $4.75. So far today approximately 100,000 shares have been exchanged, as compared to an average 30-day volume of 148,000 shares.

Potential upside of 194.4% exists for Lsb Indus Inc, based on a current level of $4.75 and analysts' average consensus price target of $14.00. The stock should run into initial resistance at its 50-day moving average (MA) of $5.63 and subsequent resistance at its 200-day MA of $7.25.

Over the past year, Lsb Indus Inchas traded in a range of $4.75 to $11.71 and are now at $4.75. The 200-day and 50-day moving averages have moved 0.24% lower and 0.87% lower over the past week, respectively.

LSB Industries, Inc., through its subsidiaries, manufactures and sells chemical products for the mining, agricultural, and industrial markets. The Company also manufactures and sells commercial and residential climate control products, as well as provides specialized engineering services and other activities.

SmarTrend recommended that its subscribers protect gains by selling shares of Lsb Indus Inc on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $7.37. Since that call, shares of Lsb Indus Inc have fallen 34.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows lsb indus inc

Ticker(s): LXU