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Louisiana-Pacific: The Winning Streak Continues (LPX)

By Amy Schwartz

Louisiana-Pacific (NYSE:LPX) traded at a new 52-week high today of $19.36. This new high was reached on below average trading volume as 244,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

Louisiana-Pacific (NYSE:LPX) is currently priced 9.0% above its average consensus analyst price target of $17.59. The stock should discover initial support at its 50-day moving average (MA) of $16.85 and subsequent support at its 200-day MA of $16.49.

Louisiana-Pacific share prices have moved between a 52-week high of $19.36 and a 52-week low of $13.31 and are now trading 45% above that low price at $19.34 per share. The 200-day and 50-day moving averages have moved 0.21% higher and 0.95% higher over the past week, respectively.

Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile, and Brazil. The Company's products are used by homebuilders and light commercial builders. Louisiana Pacific's products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, and laminated veneer lumber.

SmarTrend is monitoring the recent change of momentum in Louisiana-Pacific. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Louisiana-Pacific in search of a potential trend change.

Keywords: 52 week high/lows louisiana-pacific

Ticker(s): LPX