• Return to Headlines

Look for Shares of Lkq Corp to Potentially Pullback after Yesterday's 1.61% Rise

By Amy Schwartz

Lkq Corp (NASDAQ:LKQ) traded in a range yesterday that spanned from a low of $32.76 to a high of $33.50. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $33.26 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Lkq Corp has traded in a range of $29.60 to $43.86 and is now at $33.37, 13% above that low. The 200-day and 50-day moving averages have moved 0.11% lower and 0.53% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Lkq Corp on March 5th, 2018 by issuing a Downtrend alert when the shares were trading at $38.75. Since that call, shares of Lkq Corp have fallen 15.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders lkq corp

Ticker(s): LKQ