• Return to Headlines

After Yesterday's Rally of 1.71% Shares Could Potentially Pullback

By Nick Russo

L-3 Communications (NYSE:LLL) traded in a range yesterday that spanned from a low of $163.70 to a high of $166.88. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $163.63 on volume of 253,000 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 monitoring the recent change of momentum in L-3 Communications. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of L-3 Communications in search of a potential trend change.

Over the past year, L-3 Communications has traded in a range of $101.11 to $179.95 and is now at $165.05, 63% above that low. The 200-day and 50-day moving averages have moved 0.20% higher and 1.09% higher over the past week, respectively.

Keywords: rebounders l-3 communications

Ticker(s): LLL