La-Z-Boy Incorporated (NYSE:LZB)

Q: Chip Are you still bullish on Lazy Boy Thanks Bob A: Yes we are.  SmarTrend called an Uptrend on 6/4/09 and stock has gone up nearly every day since.  Bullish golden cross of the 50 and 200-day moving averages, MACD rising but stochastics overbought.  Our proprietary IBDV and NBDV indicators are also a little overbought as the stock tries to break out above the $6 level.  Given the recent strong move higher since our six-week old Uptrend, look out for a possible near term correction given the slightly overbought status.