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Louisiana-Pacifi Bearish Moving Average Crossover Alert (LPX)

By Amy Schwartz

Today, shares of Louisiana-Pacifi (NYSE:LPX) have fallen below their 10-day MA of $25.02 on a volume of 381K 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 $20.39 and a high of $32.16 and are now at $24.65, 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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 9.2%. 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