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Bullish Moving Average Cross by Louisiana-Pacifi (LPX)

By Amy Schwartz

Louisiana-Pacifi (NYSE:LPX) crossed over its 10-day moving average of $24.92 on a volume of 183K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Louisiana-Pacifi has traded in a range of $20.39 to $32.16 and is now at $25.22, 24% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Louisiana-Pacifi on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.07. Since that recommendation, shares of Louisiana-Pacifi have risen 7.2%. 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