May 10, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Ltd Brands (NYSE:LTD) was downgraded from Buy to Neutral at Lazard Capital today. The stock closed yesterday at $52.63 on volume of 3.2 million shares, above average daily volume of 2.6 million. Limited Brands, Inc. owns and operates specialty stores throughout the United States. The Company, through its retail stores, offer a wide range of products, including women's apparel, women's lingerie, beauty products and accessories, personal care, and home fragrance products. The Company's stores also offer products via the Internet.
Ltd Brands (NYSE:LTD) is currently priced 1.7% above its average consensus analyst price target of $51.19. The stock should discover initial support at its 200-day moving average (MA) of $47.76 and subsequent support at its 50-day MA of $47.17.
Over the past year, Ltd Brands has traded in a range of $40.32 to $53.33 and closed yesterday at $52.08, 29% above that low. The 200-day and 50-day moving averages have moved 0.23% higher and 1.48% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Ltd Brands on February 28th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.90. Since that recommendation, shares of Ltd Brands have risen 13.5%. We continue to monitor LTD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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