• Return to Headlines

After Yesterday's Rally of 1.50% Shares Could Potentially Pullback

By Nick Russo

L Brands Inc (NYSE:LB) traded in a range yesterday that spanned from a low of $17.97 to a high of $19.06. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $18.82 on volume of 3.3 million 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, L Brands Inc has traded in a range of $15.82 to $38.00 and is now at $18.89, 19% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.7% while the 200-day MA has slid 1.5%.

SmarTrend is monitoring the recent change of momentum in L Brands Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of L Brands Inc in search of a potential trend change.

Keywords: rebounders l brands inc

Ticker(s): LB