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Look for Shares of L Brands Inc to Potentially Rebound after Yesterday's 4.89% Sell Off

By Amy Schwartz

L Brands Inc (NYSE:LB) traded in a range yesterday that spanned from a low of $19.78 to a high of $20.72. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $20.60 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

L Brands Inc share prices have moved between a 52-week high of $38.00 and the current low of $19.78 and are currently at $20.01 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.3%.

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.

Keywords: rebounders l brands inc

Ticker(s): LB