LPX Short

Hi Marty,

What do you think of an LPX short at current levels (64.77). Seem to be rejected at key moving averages.

Kimon

Kimon,

Yes! Good eye.... just for a quick trade as they have earnings next week...

LPX sliced its 50sma with volume. Look at how long it took to "rally" back to its 50sma, and is now rejected! That is a good short setup for a quick trade!Regards,

Marty