Longer Term Trading Plans for LPX
- Buy LPX near 88.31 target 102.89 stop loss @ 88.05
- Short LPX slightly under 102.89, target 88.31, stop loss @ 103.19
May 09, 2025, 18:54 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy LPX near 88.31 with an upside target of 102.89. This data also tells us to set a stop loss @ 88.05 to protect against excessive loss in case the stock begins to move against the trade. 88.31 is the first level of support below 90.61 , and by rule, any test of support is a buy signal. In this case, support 88.31 would be being tested, so a buy signal would exist.
The technical…