• Return to Headlines

L Brands Inc Rises 4.74% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

L Brands Inc (NYSE:LB) traded in a range yesterday that spanned from a low of $27.51 to a high of $28.94. Yesterday, the shares gained 4.7%, which took the trading range above the 3-day high of $28.35 on volume of 3.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of L Brands Inc on July 13th, 2018 by issuing a Downtrend alert when the shares were trading at $31.83. Since that call, shares of L Brands Inc have fallen 13.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, L Brands Inc has traded in a range of $25.89 to $63.10 and is now at $28.67, 11% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2.2%.

Keywords: rebounders l brands inc

Ticker(s): LB