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Watch for Lincoln Electric to Potentially Rebound After Falling 1.21% Yesterday

By Amy Schwartz

Lincoln Electric (NASDAQ:LECO) traded in a range yesterday that spanned from a low of $80.13 to a high of $80.88. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $80.75 on volume of 79,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Lincoln Electric share prices have moved between a 52-week high of $97.93 and a 52-week low of $72.27 and are now trading 12% above that low price at $80.60 per share. The 200-day and 50-day moving averages have moved 0.26% lower and 0.54% lower over the past week, respectively.

Keywords: rebounders lincoln electric

Ticker(s): LECO