After Yesterday's Rally of 1.40% Shares Could Potentially Pullback
L-3 Communications (NYSE:LLL) traded in a range yesterday that spanned from a low of $146.80 to a high of $149.84. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $149.48 on volume of 337,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend is tracking the current trend status for L-3 Communications and will alert subscribers who have LLL in their portfolio or watchlist when shares have changed trend direction.
In the past 52 weeks, L-3 Communications share prices have been bracketed by a low of $101.11 and a high of $154.50 and are now at $148.85, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.1%.
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