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Look for Shares of L3 Technologies to Potentially Rebound after Yesterday's 1.53% Sell Off

By Amy Schwartz

L3 Technologies (NYSE:LLL) traded in a range yesterday that spanned from a low of $196.35 to a high of $201.14. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $201.38 on volume of 325,000 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 L3 Technologies and will alert subscribers who have LLL in their portfolio or watchlist when shares have changed trend direction.

Over the past year, L3 Technologies has traded in a range of $180.24 to $218.71 and is now at $198.12, 10% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders l3 technologies

Ticker(s): LLL