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SmarTrend Watching for Potential Pullback in Shares of Liberty Br-C After 1.19% Gain

By David Diaz

Liberty Br-C (NASDAQ:LBRDK) traded in a range yesterday that spanned from a low of $108.09 to a high of $109.44. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $109.15 on volume of 120,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Liberty Br-C share prices have moved between a 52-week high of $109.63 and a 52-week low of $68.47 and are now trading 60% above that low price at $109.26 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.5%.

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

Keywords: rebounders liberty br-c

Ticker(s): LBRDK