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Watch for Libbey Inc to Potentially Rebound After Falling 1.65% Yesterday

By Amy Schwartz

Libbey Inc (AMEX:LBY) traded in a range yesterday that spanned from a low of $5.30 to a high of $5.55. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $5.45 on volume of 55,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Libbey Inc on October 8th, 2018 by issuing a Downtrend alert when the shares were trading at $7.96. Since that call, shares of Libbey Inc have fallen 31.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Libbey Inc has traded in a range of $4.60 to $11.54 and is now at $5.37, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.9% while the 200-day MA has remained constant.

Keywords: rebounders amex:lby libbey inc

Ticker(s): LBY