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SmarTrend Watching for Potential Pullback in Shares of Liberty Br-C After 1.16% Gain

By Nick Russo

Liberty Br-C (NASDAQ:LBRDK) traded in a range yesterday that spanned from a low of $91.71 to a high of $91.86. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $91.74 on volume of 233,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Liberty Br-C on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.40. Since that recommendation, shares of Liberty Br-C have risen 20.4%. We continue to monitor LBRDK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Liberty Br-C have traded between a low of $68.33 and a high of $94.99 and are now at $91.86, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.3%.

Keywords: rebounders liberty br-c

Ticker(s): LBRDK