May 09, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Louisiana-Pacific (NYSE:LPX) was upgraded from Underperform to Neutral at DA Davidson today. The stock closed yesterday at $18.88 on volume of 3.5 million shares, above average daily volume of 2.9 million. 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, I-joists, and laminated veneer lumber.
Louisiana-Pacific share prices have moved between a 52-week high of $22.55 and a 52-week low of $8.36 and closed yesterday at 136% above that low price at $19.73 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.5%.
Louisiana-Pacific (NYSE:LPX) has potential upside of 7.4% based on a current price of $19.73 and analysts' consensus price target of $21.19. The stock should hit resistance at its 50-day moving average (MA) of $20.13, as well as support at its 200-day MA of $17.17.
SmarTrend is monitoring the recent change of momentum in Louisiana-Pacific. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Louisiana-Pacific in search of a potential trend change.
Write to Chip Brian at cbrian@mysmartrend.com
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