ProfitablePattern

$LPX coiled for rip higher. Falling wedge. Fundamental catalysts

Long
NYSE:LPX   Louisiana-Pacific Corporation
$LPX has been smoked for a quick 30% basically on overblown rising rates concerns while the fundamental catalysts continue to build. Another hurricane on the way and already building backlogs from recent hurricanes. Rates are still near historic lows and the economy is far from dead.Housing starts are still coming. Also Infrastructure spending coming after the midterms.

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