Louisiana-Pacific Corporation : In an upward trend
February 28, 2013 at 03:06 pm
By
Entry price | Target | Stop-loss | Potential |
---|
US$20.98 |
US$0 |
US$19.8 |
-100% |
---|
Louisiana-Pacific Corporation could reach the USD 23.3 long-term resistance.
The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimations. The profitability of the company's business remains good. The high levels of valuation show the interest of investors for this security.
From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. Moreover, the stock is now supported by the 50-day moving average and the bullish trendline. The security is expected to go towards the USD 23.3 long-term resistance.
Investors could take a buy position at the current price. A stop loss will be placed under the USD 20 short-term support.
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