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After Yesterday's Rally of 1.61%, Liberty Global Shares Could Pullback (LBTYK)

Written on Thu, 07/29/2010 - 1:31am
By Chip Brian

Liberty Global (NASDAQ:LBTYK) traded in a range yesterday that spanned from a low of $28.36 to a high of $29.11. Yesterday, the shares gained 1.61%, which took the trading range above the 3-day high of $29.06 on volume of 405,000 shares.
Shares of Liberty Global are currently trading above their 50-day moving average (MA) of $26.17 and above their 200-day MA of $24.87. Look for these MAs to provide support for a short-term pullback in the shares.
SmarTrend is bullish on shares of Liberty Global and our subscribers were alerted to Buy on June 01, 2010 at $25.68. The stock has risen 13% since the alert was issued.
SmarTrend has the shares in an Uptrend and expects the share price to pullback toward the $29.02 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend CATV Systems industry.

Keywords: liberty global trading range stock news

Ticker(s): LBTYK

Contact Chip Brian



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