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After Yesterday's Rally of 5.11% Shares Could Potentially Pullback

By Nick Russo

Liberty Br-C (AMEX:LBRDK) traded in a range yesterday that spanned from a low of $97.00 to a high of $100.82. Yesterday, the shares gained 5.1%, which took the trading range above the 3-day high of $95.15 on volume of 774,000 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, Liberty Br-C has traded in a range of $55.05 to $100.82 and is now at $99.34, 80% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Liberty Br-C on May 30th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.84. Since that recommendation, shares of Liberty Br-C have risen 7.6%. We continue to monitor LBRDK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders amex:lbrdk liberty br-c

Ticker(s): LBRDK