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After Yesterday's Rally of 1.30% Shares Could Potentially Pullback

By Amy Schwartz

Lear (NYSE:LEA) traded in a range yesterday that spanned from a low of $143.91 to a high of $145.68. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $145.45 on volume of 192,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Lear share prices have moved between a 52-week high of $149.00 and a 52-week low of $89.71 and are now trading 62% above that low price at $145.42 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

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

Keywords: rebounders Lear

Ticker(s): LEA