Louisiana-Pacific Corporation could reach the USD 23.

The company shows strong fundamentals. First, the high valuation of the group shows a great investors confidence in it because they are ready to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 23.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 23 level. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 18.55 short term support to avoid a downtrend.