Louisiana-Pacific (LPX) In A Perilous Reversal

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Louisiana-Pacific ( LPX) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Louisiana-Pacific as such a stock due to the following factors:

  • LPX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $50.8 million.
  • LPX has traded 392,761 shares today.
  • LPX is down 3.1% today.
  • LPX was up 5.4% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in LPX with the Ticky from Trade-Ideas. See the FREE profile for LPX NOW at Trade-Ideas

More details on LPX:

Louisiana-Pacific Corporation, together with its subsidiaries, primarily manufactures and sells building products for use in new home construction, repair and remodeling, outdoor structures, and light industrial and commercial construction. Currently there are 4 analysts that rate Louisiana-Pacific a buy, 2 analysts rate it a sell, and 5 rate it a hold.

The average volume for Louisiana-Pacific has been 2.4 million shares per day over the past 30 days. Louisiana-Pacific has a market cap of $2.3 billion and is part of the services sector and wholesale industry. The stock has a beta of 0.75 and a short float of 22.2% with 9.56 days to cover. Shares are down 1.6% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

If you liked this article you might like

Hurricane Irma Has Sent These Top Storm Stocks Ripping Higher

Novice Trade: LPX

Cramer: Are You Paying Attention to These Boring Companies? You Should

Cramer: Are You Paying Attention to These Boring Companies? You Should

Intermediate Trade: Louisiana-Pacific