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SmarTrend Watching for Potential Rebound in Shares of Jones Lang Lasal After 1.62% Loss

By Nick Russo

Jones Lang Lasal (NYSE:JLL) traded in a range yesterday that spanned from a low of $127.44 to a high of $131.31. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $129.99 on volume of 161,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Jones Lang Lasal have traded between a low of $119.79 and a high of $173.32 and are now at $128.62, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

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

Keywords: rebounders jones lang lasal

Ticker(s): JLL