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L Brands Inc Crosses Below its 10-day MA (LB)

By Amy Schwartz

Today, shares of L Brands Inc (NYSE:LB) have fallen below their 10-day MA of $17.60 on a volume of 2.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

L Brands Inc share prices have moved between a 52-week high of $38.00 and a 52-week low of $15.82 and are now trading 5% above that low price at $16.67 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.5% while the 200-day MA has slid 0.7%.

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: moving crosses l brands inc

Ticker(s): LB