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LPL Investment Holdings Rises 1.64% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

LPL Investment Holdings (NASDAQ:LPLA) traded in a range yesterday that spanned from a low of $40.01 to a high of $41.20. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $40.94 on volume of 386,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

LPL Investment Holdings share prices have moved between a 52-week high of $48.18 and a 52-week low of $15.38 and are now trading 167% above that low price at $41.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 1.2%.

SmarTrend recommended that subscribers consider buying shares of LPL Investment Holdings on January 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.79. Since that recommendation, shares of LPL Investment Holdings have risen 3.9%. We continue to monitor LPLA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders lpl investment holdings

Ticker(s): LPLA