JavidTrader
Long

Breaking out of resistance

NYSE:LB   L BRANDS INC
106 0 2
Market Perform at Wells Fargo recently upgraded LB             to outperform.

Price has bounced off the 50 day MA and yesterday broke out of resistance. At present price is just below the figure 70 which might offer resistance but with the overall trend up on the monthly weekly and daily, we are looking for a continuation should price break the figure.

Price is above:
Resistance
Last years high
52 week high
50 and 200 moving average

Earnings are due mid November which is about 4 weeks from now.
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