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Possible Trend Reversal, Lumber Liquidato Down on Heavy Volume (LL)

By Shiri Gupta

Lumber Liquidato's stock is down 8.4% to $10.30 on heavy trading volume. Today's volume of 3.6 million shares tops the average 30-day volume of 2.1 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Lumber Liquidato on August 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.99. Since that recommendation, shares of Lumber Liquidato have risen 25.1%. We continue to monitor LL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Lumber Liquidato have traded between a low of $6.59 and a high of $18.17 and are now at $11.25, which is 71% above that low price. The 200-day and 50-day moving averages have moved 0.33% lower and 0.26% lower over the past week, respectively.

Keywords: unusual volume lumber liquidato

Ticker(s): LL