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Look for Shares of Louisiana-Pacifi to Potentially Rebound after Yesterday's 5.92% Sell Off

By Nick Russo

Louisiana-Pacifi (NYSE:LPX) traded in a range yesterday that spanned from a low of $28.53 to a high of $30.30. Yesterday, the shares fell 5.9%, which took the trading range below the 3-day low of $29.82 on volume of 994,000 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 May 25th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.23. Since that recommendation, shares of Louisiana-Pacifi have risen 4.0%. We continue to monitor LPX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Louisiana-Pacifi has traded in a range of $23.39 to $31.19 and is now at $28.60, 22% above that low. The 200-day and 50-day moving averages have moved 0.35% higher and 0.34% higher over the past week, respectively.

Keywords: rebounders louisiana-pacifi

Ticker(s): LPX