Louisiana-Pacific heads for a test of support at its 10-day moving average The shares are down over 3.4%, heading toward a test of support at its uptrending 10-day moving average. The 10-day was last at $16.57. Resistance is at $17,32.
Louisiana-Pacific upgraded to Outperform from Sector Perform at RBC Capital RBC Capital upgraded Louisiana-Pacific to Outperform and increased its price target to $19 from $16. The firm said North Central OSB prices are 10% to 16% since the end of July and they continue to see positive momentum into year end and 2016. RBC believes the market is tightening, which will support a rally in shares.