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SmarTrend Watching for Potential Rebound in Shares of Lithia Motors-A After 1.52% Loss

By Nick Russo

Lithia Motors-A (NYSE:LAD) traded in a range yesterday that spanned from a low of $115.90 to a high of $118.64. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $116.46 on volume of 65,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Lithia Motors-A on January 2nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.08. Since that recommendation, shares of Lithia Motors-A have risen 53.9%. We continue to monitor LAD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Lithia Motors-A share prices have moved between a 52-week high of $121.96 and a 52-week low of $67.90 and are now trading 72% above that low price at $116.86 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.5%.

Keywords: rebounders lithia motors-a

Ticker(s): LAD