Take a look at this chart for LPX, a company that makes wood panel siding for homes. It has a market cap of around 4 billion, a P/E of 15.32 and its earnings have grown 271% this year. We are currently in a clear up-trend. The hurricanes have created demand for this company, giving it support for a mid-term move higher over the next quarter. For now, look to buy around the 21.78 level of support. RSI at S/R levels looks strong as well. However, volume appears to be weakening, this needs to be watched for as we are at a key area of resistance.
Can't wait to see this unfold. Will update at the end of the week.
Can't wait to see this unfold. Will update at the end of the week.