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SmarTrend Watching for Potential Rebound in Shares of Lumber Liquidato After 10.40% Loss

By Amy Schwartz

Lumber Liquidato (NYSE:LL) traded in a range yesterday that spanned from a low of $9.61 to a high of $11.55. Yesterday, the shares fell 10.4%, which took the trading range below the 3-day low of $11.25 on volume of 5.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Lumber Liquidato share prices have moved between a 52-week high of $18.17 and a 52-week low of $6.59 and are now trading 51% above that low price at $9.98 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Lumber Liquidato on August 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.99. Since that recommendation, shares of Lumber Liquidato have risen 25.1%. We continue to monitor LL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders lumber liquidato

Ticker(s): LL