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L Brands Inc Set to Possibly Rebound After Yesterday's Selloff of 1.15%

By Nick Russo

L Brands Inc (NYSE:LB) traded in a range yesterday that spanned from a low of $35.47 to a high of $36.45. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $35.82 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in L Brands Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of L Brands Inc in search of a potential trend change.

Over the past year, L Brands Inc has traded in a range of $30.70 to $63.10 and is now at $36.10, 18% above that low. The 200-day and 50-day moving averages have moved 0.01% higher and 0.16% lower over the past week, respectively.

Keywords: rebounders l brands inc

Ticker(s): LB