InvestmentSentry

LB Lower lows should continue

Short
NYSE:LB   L Brands, Inc
May be a poor representation of what I see but here goes.. Looks like stock has been making lower lows and recovering to about the previous drops lows. Looking for this to drop below $15 within the next 1-2 months and then potentially retest $20 area.

Fundamentals also seem to support further decline. Recently sold 55% stake in Victoria's Secret brand and is now mainly Bath and Body Works. Market cap still almost 7 Billion. Company continues to post lower net income each quarter for over 3 years.

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