A megaphone structure on the Weekly chart for LZB. I expect a breakout upwards, possibly even breaking the megaphone. Bullish.
La-Z-Boy Inc. is an American furniture manufacturer based in Monroe, Michigan, USA, that makes home furniture, including upholstered recliners, sofas, stationary chairs, lift chairs and sleeper sofas.
Company Description: La-Z-Boy Incorporated is one of the world's leading residential furniture producers, marketing furniture for every room of the home. The La-Z-Boy Upholstery segment companies are La-Z-Boy and England. The Casegoods segment consists of three brands: American Drew, Hammary and Kincaid. The company-owned Retail segment of the La-Z-Boy Furniture...
My largest single position right now is La-Z-Boy, and the consolidating price action the last few days is telling me the time may be right. Deep Value La-Z-Boy offers a 2.1% forward dividend yield and currently trades at about 10 forward P/E, .74 forward P/S, and a fantastic 5.6 P/FCF. The low price multiples on this wonderful cash cow are well below the...
This looks like a gorgeous ascending triangle example. It has bounced off each of the trendlines 6 times so it is set to break through the top. Volume also seems to pick up on the upswings. I like this one.
Potential long above $33 Upside target $35.70 Bullish downtrend broken Golden cross complete
Stock Practice #3 Multiple confluences of bear trend - 1. Creating a picture perfect Elliot wave pattern called Impulse Wave Ending Diagonal. 2. Could also be called a rising wedge that will produce a bear trend. 3. Bear divergences occurring in multiple time frames. 4. ATR at mutl-year highs, could help with the breakdown of the rising wedge pattern. Wait for...
LZB Showing weakness after earnings missed targets. It faded hard after hours close to 25.50 pivot I have drawn. Right now its between pivots. The market hasn't opened yet to show the pre-market price action. I would be more interested in shorting it as the catalyst is negative and it has room to fade until 23.15 then 19.66. I would take a position if it gives me...
From a technical perspective the chart looks bearish and the statement from the company on June 5th have just added extra fuel to the fire, it is difficult to see how this can be anything but a short. Pre Earnings Revision On June 5th shares of LZB fell in the extended session Wednesday after the furniture company forecast full-year results that fell short of...
breaking above 113% extension of retracement of down leg, 30 Straddle sells for $2.40
and held, printing a hammer now
a lazy boy might just buy the March 30 Calls for 50c
Entry $22.80, Stop $21.25