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After Yesterday's Rally of 2.31% Shares Could Potentially Pullback

By Nick Russo

Lennox International (NYSE:LII) traded in a range yesterday that spanned from a low of $168.55 to a high of $172.33. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $168.87 on volume of 274,000 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, Lennox International has traded in a range of $105.65 to $172.96 and is now at $171.69, 63% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Lennox International on January 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $157.43. Since that recommendation, shares of Lennox International have risen 6.6%. We continue to monitor LII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Lennox International

Ticker(s): LII