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After Yesterday's Rally of 3.19% Shares Could Potentially Pullback

By David Diaz

Louisiana-Pacific (NYSE:LPX) traded in a range yesterday that spanned from a low of $18.80 to a high of $19.26. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $18.90 on volume of 841,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Louisiana-Pacific on August 12th, 2016 by issuing a Downtrend alert when the shares were trading at $19.20. Since that call, shares of Louisiana-Pacific have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Louisiana-Pacific have traded between a low of $13.31 and a high of $20.97 and are now at $19.02, which is 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.2%.

Keywords: rebounders louisiana-pacific

Ticker(s): LPX