Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America. The Siding segment offers LP SmartSide...
LPX previous breakout from C3 early Oct is unsuccessful where price sell down back.
This sell down created C4. This 2 day price shown strong recovery after ER release.
C1: -31%
C2: -10%
C3: -6% (unsuccessful)
C4: -13%
Tomorrow will be the dividend ex date and let's monitor the movement. Might form a small handle first before attack.
Disclaimer:
Not a buy...
LPX developing VCP setup with contraction below:
C1: -31%
C2: -7%
C3: -11%
C4: -3%
Currently price at low risk pivot point. Let's see if can attack to ATH or not.
Disclaimer:
Not a buy call suggestion. Just sharing on chart pattern for education purpose. Trade at your own risk.
$LPX pulling back 2 head & shoulders base neckline. Really like the clean setup here BUT there r couple things that could be flashing warning signs
*Neckline BO on 8/25 was on low volume
*That is okay if volume picks up few days after but it never did
* Today's doji on greater than average volume
Louisiana is a STRONG BUY on the TradingView Technical Analysis Dial and given it has just passed its earnings period with flying colours the trend might be set to continue.
Check out this link if you have not seen it before. It's one of those super cool TradingView features that not everyone knows about:
www.tradingview.com
Stocks on the watch list.
1. Bullish news 2. RSI is not in the overbought area 3. Performance +10% month +30% half 4. 0-5% below 50 day high 5. Price above 20 and 50 day SMA 6. Slingshot bullish (swing setup) 7. positive momentum
Louisiana Pacific Corp
Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Company's products are used by homebuilders and light commercial builders. Louisiana-Pacific's products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim,...
NYSE:LPX Like the range break and downtrend break on this one not much range on this one right now but if the can take out recent highs of 34.18 I feel this can get a nice push in it todays level I will be watching for more upside will be a break of 31.19 and hold to give me that third level of conformation I like to see to hold for next leg higher.
Hey traders, LOUISIANA-PACIFIC CORP is in a bearish move, an attempt by aborted buyers, it is seeking to find its first low for a reversal of breakout power in the consolidation zone and may have fallen again if the buyers have not agreed on the price.
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$LPX has been crushed in recent weeks with higher interest rate fears. Sentiment has gotten overly negative and there is a lot of hurricane rebuilding and infrastructure spending to come. I am a buyer here.
$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.
