La-Z-Boy Incorporated (NYSE:LZB)
Are you still bullish on Lazy Boy
Yes we are. SmarTrend called an Uptrend on 6/4/09 and stock has gone up nearly every day since. Bullish golden cross of the 50 and 200-day moving averages, MACD rising but stochastics overbought. Our proprietary IBDV and NBDV indicators are also a little overbought as the stock tries to break out above the $6 level. Given the recent strong move higher since our six-week old Uptrend, look out for a possible near term correction given the slightly overbought status.
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