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After Yesterday's Decline of 1.52%, Louisiana-Pacifi Offers Investors Better Value

By Shiri Gupta

Louisiana-Pacifi (NYSE:LPX) traded in a range yesterday that spanned from a low of $29.08 to a high of $29.49. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $29.45 on volume of 151,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Louisiana-Pacifi on September 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.32. Since that recommendation, shares of Louisiana-Pacifi have risen 22.0%. We continue to monitor LPX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Louisiana-Pacifi share prices have been bracketed by a low of $20.39 and a high of $30.34 and are now at $29.21, 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.4%.

Keywords: rebounders louisiana-pacifi

Ticker(s): LPX