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Watch for Jones Lang Lasal to Potentially Pullback After Gaining 2.26% Yesterday

Feb 08, 2018 (SmarTrend(R) News Watch via COMTEX) --

Jones Lang Lasal (NYSE:JLL) traded in a range yesterday that spanned from a low of $151.81 to a high of $156.33. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $154.14 on volume of 137,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Jones Lang Lasal has traded in a range of $86.62 to $158.82 and is now at $153.91, 78% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.7%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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