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Watch for Continued Losses in Shares of Lumber Liquidato (LL)

By Nick Russo

Shares of Lumber Liquidato (NYSE:LL) traded today at $16.95, breaking its 52-week low. This new low was reached on below average trading volume as 186,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Lumber Liquidators Holdings, Inc. retails hardwood flooring in the United States. The Company sells domestic and exotic wood species in both prefinished and unfinished forms.

Lumber Liquidato share prices have moved between a 52-week high of $41.33 and the current low of $16.95 and are currently at $17.22 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 1.3%.

Potential upside of 36.8% exists for Lumber Liquidato, based on a current level of $17.22 and analysts' average consensus price target of $23.55. The stock should run into initial resistance at its 50-day moving average (MA) of $23.58 and subsequent resistance at its 200-day MA of $25.39.

SmarTrend recommended that its subscribers protect gains by selling shares of Lumber Liquidato on July 31st, 2018 by issuing a Downtrend alert when the shares were trading at $19.61. Since that call, shares of Lumber Liquidato have fallen 11.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows lumber liquidato

Ticker(s): LL