Lumber Liquidators Holdings Inc continues its bullish trend in order to test new highest level.
From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term.
Graphically, the stock is in upward trend supported by the 20-day moving average. This movement should continue in the coming trading sessions. A new bullish fluctuation could lead the security toward highest levels in case of a breakout of this resistance.
In consequence, investors can take a long position in Lumber Liquidators above USD 59.7 in closing price with a first target at USD 64. A stop loss will be set under the short term support at USD 57.8.