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Watch for Lear Corp to Potentially Rebound After Falling 2.30% Yesterday

By Amy Schwartz

Lear Corp (NYSE:LEA) traded in a range yesterday that spanned from a low of $141.18 to a high of $142.01. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $144.60 on volume of 265,000 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 Lear Corp have traded between a low of $114.45 and a high of $206.36 and are now at $141.20, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.53% lower and 1.08% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Lear Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lear Corp in search of a potential trend change.

Keywords: rebounders lear corp

Ticker(s): LEA