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Lamar Advertis-A Rises 1.15% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Lamar Advertis-A (NASDAQ:LAMR) traded in a range yesterday that spanned from a low of $70.51 to a high of $71.50. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $70.46 on volume of 152,000 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, Lamar Advertis-A has traded in a range of $61.36 to $79.17 and is now at $71.32, 16% above that low. The 200-day and 50-day moving averages have moved 0.15% higher and 0.68% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Lamar Advertis-A and will alert subscribers who have LAMR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders lamar advertis-a

Ticker(s): LAMR