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After Yesterday's Rally of 1.92% Shares Could Potentially Pullback

By Nick Russo

Lear Corp (NYSE:LEA) traded in a range yesterday that spanned from a low of $188.92 to a high of $192.41. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $192.28 on volume of 172,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Lear Corp have traded between a low of $97.35 and a high of $193.12 and are now at $192.10, which is 97% above that low price. 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 recommended that subscribers consider buying shares of Lear Corp on December 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $180.67. Since that recommendation, shares of Lear Corp have risen 4.3%. We continue to monitor LEA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders lear corp

Ticker(s): LEA