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Look for Shares of Jones Lang Lasal to Potentially Rebound after Yesterday's 1.91% Sell Off

By James Quinn

Jones Lang Lasal (NYSE:JLL) traded in a range yesterday that spanned from a low of $133.49 to a high of $134.82. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $135.13 on volume of 179,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Jones Lang Lasal and will alert subscribers who have JLL in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Jones Lang Lasal has traded in a range of $119.79 to $174.42 and is now at $133.64, 12% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.4%.

Keywords: rebounders jones lang lasal

Ticker(s): JLL