• Return to Headlines

Lendingclub Corp Set to Possibly Rebound After Yesterday's Selloff of 1.12%

By Nick Russo

Lendingclub Corp (NYSE:LC) traded in a range yesterday that spanned from a low of $4.20 to a high of $4.45. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $4.32 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Lendingclub Corp on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.32. Since that recommendation, shares of Lendingclub Corp have risen 34.5%. We continue to monitor LC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Lendingclub Corp share prices have moved between a 52-week high of $6.56 and a 52-week low of $2.57 and are now trading 73% above that low price at $4.44 per share. The 200-day and 50-day moving averages have moved 0.77% lower and 4.00% higher over the past week, respectively.

Keywords: rebounders lendingclub corp

Ticker(s): LC