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After Yesterday's Rally of 1.29% Shares Could Potentially Pullback

By James Quinn

Leucadia Natl (NYSE:LUK) traded in a range yesterday that spanned from a low of $22.56 to a high of $22.83. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $22.61 on volume of 645,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Leucadia Natl has traded in a range of $15.48 to $28.30 and is now at $22.70, 47% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Leucadia Natl on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $25.54. Since that call, shares of Leucadia Natl have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders leucadia natl

Ticker(s): LUK