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Next Support Level for Lumber Liquidators (LL) is $22.80

Written on Thu, 07/15/2010 - 1:55pm
By Chip Brian

SmarTrend has detected shares of Lumber Liquidators (NYSE:LL) have bearishly opened below the pivot of $23.71 today and have reached the first level of support of $23.23.
Should the shares continue to fall, we are monitoring the next support pivots of $22.80 and $21.89. Also, the shares are currently trading below the 50-day moving average of $26.92 and below the 200-day moving average of $25.65.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Lumber Liquidators on May 06, 2010 at $28.33. Since the call, the stock has fallen 18.4%.

Keywords: lumber liquidators pivot points

Ticker(s): LL

Contact Chip Brian



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