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SmarTrend Watching for Potential Rebound in Shares of Liberty Prop After 1.47% Loss

By Shiri Gupta

Liberty Prop (NYSE:LPT) traded in a range yesterday that spanned from a low of $50.89 to a high of $51.71. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $51.20 on volume of 421,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Liberty Prop and will alert subscribers who have LPT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Liberty Prop has traded in a range of $39.50 to $51.91 and is now at $50.97, 29% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

Keywords: rebounders liberty prop

Ticker(s): LPT