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After Yesterday's Rally of 3.88% Shares Could Potentially Pullback

By Nick Russo

Lazard Ltd-Cl A (NYSE:LAZ) traded in a range yesterday that spanned from a low of $52.69 to a high of $55.23. Yesterday, the shares gained 3.9%, which took the trading range above the 3-day high of $54.22 on volume of 622,000 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 tracking the current trend status for Lazard Ltd-Cl A and will alert subscribers who have LAZ in their portfolio or watchlist when shares have changed trend direction.

Lazard Ltd-Cl A share prices have moved between a 52-week high of $60.00 and a 52-week low of $40.50 and are now trading 35% above that low price at $54.83 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Keywords: rebounders lazard ltd-cl a

Ticker(s): LAZ