LL Flooring Holdings, Inc. : Going to new historical records
March 12, 2013 at 12:56 pm EDT
By
Entry price | Target | Stop-loss | Potential |
---|
$67.25 |
$0 |
$64.5 |
-100% |
---|
The company’s fundamentals are still strong. Sales are expected to rise by 12.3% in 2013. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates for this year from USD 1.48 in January 2012 to USD 2.14 today.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages and have recently broken out the bullish trend line. Thanks to that dynamic and the 20-week moving average in support, the stock should reach USD 72.7.
In consequence, investors can take a long position in Lumber Liquidators Holdings with a first target price at USD 72.7. A new bullish fluctuation could lead the security toward USD 91.1. A stop loss will be fixed under the USD 64.6 pivot point.
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