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Look for Shares of Liberty Trp-A to Potentially Pullback after Yesterday's 18.72% Rise

By Shiri Gupta

Liberty Trp-A (NASDAQ:LTRPA) traded in a range yesterday that spanned from a low of $17.72 to a high of $20.63. Yesterday, the shares gained 18.7%, which took the trading range above the 3-day high of $16.95 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Liberty Trp-A share prices have moved between a 52-week high of $20.63 and a 52-week low of $7.90 and are now trading 153% above that low price at $20.00 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Liberty Trp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Liberty Trp-A in search of a potential trend change.

Keywords: rebounders liberty trp-a

Ticker(s): LTRPA