The Hourly View for LB
Currently, LB (Get Ratings)’s price is down $-0.14 (-0.2%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Out of Retail stocks, LB ranks 29th in regards to today’s price percentage change.
LB’s Technical Outlook on the Daily Chart
Currently, LB’s price is up $2.62 (3.98%) from the day prior. The daily chart shows that LB has seen 2 straight up days. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, so that price is now turning above it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. L Brands Inc’s price action over the past 90 days can be seen via the chart below.
For LB News Traders
Investors and traders in LB may be particularly interested in the following story that came out in the past day:
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
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The post L Brands Inc (LB): Price Up $2.62 (3.98)% Over Past Day, Down $-0.14 (-0.2)% Over Past Hour appeared first on ETF Daily News.
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