• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Lumber Liquidato (NYSE:LL)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Lumber Liquidato (NYSE:LL) based on the price action in the company's shares. Yesterday's price range of $25.16 and $26.10 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Lumber Liquidato may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Lumber Liquidato (NYSE:LL) is currently priced 8.7% above its average consensus analyst price target of $23.55. The stock should hit resistance at its 200-day moving average (MA) of $27.14, as well as support at its 50-day MA of $23.18.

Lumber Liquidators Holdings, Inc. retails hardwood flooring in the United States. The Company sells domestic and exotic wood species in both prefinished and unfinished forms.

Lumber Liquidato share prices have moved between a 52-week high of $41.33 and a 52-week low of $19.41 and closed yesterday at 33% above that low price at $25.78 per share. The 200-day and 50-day moving averages have moved 0.84% lower and 0.91% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Lumber Liquidato and will alert subscribers who have LL in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle lumber liquidato

Ticker(s): LL