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After Yesterday's Decline of 1.11%, Leucadia Natl Offers Investors Better Value

By Amy Schwartz

Leucadia Natl (NYSE:LUK) traded in a range yesterday that spanned from a low of $24.87 to a high of $25.25. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $25.17 on volume of 618,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Leucadia Natl and will alert subscribers who have LUK in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Leucadia Natl has traded in a range of $15.48 to $27.34 and is now at $24.93, 61% above that low. The 200-day and 50-day moving averages have moved 0.89% lower and 0.88% higher over the past week, respectively.

Keywords: rebounders leucadia natl

Ticker(s): LUK