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Watch for Lumber Liquidators to Potentially Pullback After Gaining 11.29% Yesterday

May 19, 2017 (SmarTrend(R) News Watch via COMTEX) --

Lumber Liquidators (NYSE:LL) traded in a range yesterday that spanned from a low of $27.30 to a high of $29.77. Yesterday, the shares gained 11.3%, which took the trading range above the 3-day high of $26.90 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Lumber Liquidators on February 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.67. Since that recommendation, shares of Lumber Liquidators have risen 48.3%. We continue to monitor LL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Lumber Liquidators share prices have moved between a 52-week high of $29.77 and a 52-week low of $10.01 and are now trading 192% above that low price at $29.20 per share. The 200-day and 50-day moving averages have moved 0.76% lower and 1.18% higher over the past week, respectively.

Write to Chip Brian at cbrian@mysmartrend.com

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