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After Yesterday's Decline of 1.46%, Louisiana-Pacifi Offers Investors Better Value

By Shiri Gupta

Louisiana-Pacifi (NYSE:LPX) traded in a range yesterday that spanned from a low of $22.93 to a high of $23.69. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $23.16 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Louisiana-Pacifihas traded in a range of $23.05 to $32.16 and are now at $23.11. The 200-day and 50-day moving averages have moved 0.17% lower and 0.78% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Louisiana-Pacifi on September 20th, 2018 by issuing a Downtrend alert when the shares were trading at $28.80. Since that call, shares of Louisiana-Pacifi have fallen 19.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders louisiana-pacifi

Ticker(s): LPX