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Bearish Moving Average Cross by Louisiana-Pacifi (LPX)

By James Quinn

Louisiana-Pacifi (NYSE:LPX) crossed under its 10-day moving average of $29.91 on a volume of 366K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Louisiana-Pacifi share prices have been bracketed by a low of $23.39 and a high of $31.19 and are now at $29.19, 25% above that low price. The 200-day and 50-day moving averages have moved 0.35% higher and 0.34% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Louisiana-Pacifi on May 25th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.23. Since that recommendation, shares of Louisiana-Pacifi have risen 4.0%. We continue to monitor LPX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses louisiana-pacifi

Ticker(s): LPX