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.
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