Louisiana-Pacific (LPX) shares of the materials name closed strong Monday in a weak tape and printed a bull engulfing candle back above its monthly value area and 8 EMA as the strong trend continues to point to new highs into 110 as a first target level while a stronger move can see 118-120 into year end. LPX is also a Warren Buffett name as he holds 5.96 million shares still. LPX is the largest producer of engineered wood siding, which provides superior protection against hail, wind, moisture, fungal decay, and termites compared to solid wood. With the hurricane news impacting the Southeast, LPX likely continues to see strong demand into the rest of the year. Last week saw 530 January $105 puts sell to open for $6.70 showing confidence.