Summary

• 100% technical buy signals.
• 10 new highs and up 15.93% in the last month.
• 276.61% gain in the last year.

The Barchart Chart of the Day belongs to the building products company Louisiana-Pacific (NYSE: LPX).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 2/3 the stock gained 38.37%.  

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America. The Siding segment offers LP SmartSide trim and siding products, ExpertFinish prefinished siding products, and LP outdoor building solutions for premium outdoor buildings; and engineered wood siding, trim, soffit, and fascia products. The OSB segment manufactures and distributes OSB structural panel products comprising LP TechShield radiant barriers, LP WeatherLogic air, and water barriers, LP Legacy premium sub-flooring products, LP FlameBlock fire-rated sheathing products, and LP TopNotch sub-flooring products. The EWP segment provides laminated veneer lumber, laminated strand lumber, and other related products; and I-joists, which are primarily used in residential and commercial floorings, roofing systems, and other structural applications. The South America segment manufactures and distributes OSB structural panel and siding products. This segment also distributes and sells related products for the region's transition to wood frame construction. It also offers timber and timberlands and other products and services. The company sells its products primarily to retailers, wholesalers, and homebuilding and industrial businesses in North America and South America, as well as in Asia, Australia, and Europe. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.

(Click on image to enlarge)

Barchart technical indicators:

• 100% technical buy signals
• 262.07+ Weighted Alpha
• 276.61% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50, and 100 day moving averages
• 10 new highs and up 15.93% in the last month
• Relative Strength Index 65.52%
• Technical support level at 56.08
• Recently traded at 56.83 with a 50 day moving average of 47.20

Fundamental factors:

• Market Cap $ 6.06 billion
• P/E 12.78
• Dividend yield 1.15%
• Revenue expected to grow 12.60% this year but be down by 3.90% next year
• Earnings estimated to increase 52.00% this year but decrease by 36.00% next year then continue to compound at an annual rate of 5.00% for the next 5 years
• Wall Street analysts issued 1 strong buy, 2 buy, 6 hold, and 3 underperform recommendations on the stock
• The individual investors following the stock on Motley Fool voted 213 to 34 that the stock will beat the market
• 5,390 investor are monitoring the stock on Seeking Alpha