SmarTrend Watching for Potential Pullback in Shares of LSI After 1.01% Gain
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[February 14, 2012]

SmarTrend Watching for Potential Pullback in Shares of LSI After 1.01% Gain

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- LSI (NYSE:LSI) traded in a range yesterday that spanned from a low of $8.36 to a high of $8.48. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $8.40 on volume of 13.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


In the past 52 weeks, shares of LSI have traded between a low of $4.75 and a high of $8.48 and are now at $8.47, which is 78% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.7% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of LSI on December 30th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.98. Since that recommendation, shares of LSI have risen 40.4%. We continue to monitor LSI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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