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SmarTrend Watching for Potential Rebound in Shares of L Brands Inc After 2.18% Loss

By Nick Russo

L Brands Inc (NYSE:LB) traded in a range yesterday that spanned from a low of $16.71 to a high of $17.40. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $17.18 on volume of 2.1 million 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 L Brands Inc have traded between a low of $15.82 and a high of $38.00 and are now at $16.80, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.5%.

SmarTrend is tracking the current trend status for L Brands Inc and will alert subscribers who have LB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders l brands inc

Ticker(s): LB