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Watch for L Brands Inc to Potentially Rebound After Falling 10.78% Yesterday

By James Quinn

L Brands Inc (NYSE:LB) traded in a range yesterday that spanned from a low of $32.75 to a high of $34.35. Yesterday, the shares fell 10.8%, which took the trading range below the 3-day low of $36.57 on volume of 8.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

L Brands Inc share prices have moved between a 52-week high of $63.10 and a 52-week low of $30.70 and are now trading 7% above that low price at $32.80 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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