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Lumber Liquidato Rises 5.22% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Lumber Liquidato (NYSE:LL) traded in a range yesterday that spanned from a low of $24.68 to a high of $26.22. Yesterday, the shares gained 5.2%, which took the trading range above the 3-day high of $25.07 on volume of 778,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Lumber Liquidato share prices have moved between a 52-week high of $30.65 and a 52-week low of $14.02 and are now trading 86% above that low price at $26.06 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.2%.

Keywords: rebounders lumber liquidato

Ticker(s): LL