A Curated Platform of Equity & Options Market Intelligence
Select Page

Member Content

Building Solutions Provider Setting up Bullish Breakout

by | Jan 30, 2024

Louisiana-Pacific (LPX) shares are getting tight in a narrow range as prices bounce off the rising 55-day MA the past week near 65 as key support after the name also filled a small gap near there from mid-December. LPX has consolidating its strong end of 2023 move nicely here and RSI staying above 50 on the pullback while now MACD nears a bullish cross. The stock can breakout above its monthly value area if can close over 69.50 and then likely sees a push to 72 first with the bigger objective higher into the 75.00 zone where a VPOC sits overhead and would close a big open gap from back in August. LPX is not as active with options flows but still has 300 Jan 2025 $70 calls in OI from buyers last August at $9.30 and the June $67.50 short puts sold 500x still holding in OI.

Not a Member yet?
Subscribe to
OptionsHawk Premium
Subscribe

Options Hawk Max

$399 | 30 days

  • Options Hawk Trading Hub Live Chat
  • Hawk’s Market Blitz
  • Spotlight Trades (2 Per Week)
  • Market Recap
  • Weekly Earnings Snapshots
  • Live Mock Portfolio
  • 1 on 1 Access
  • Hawk’s Trader Toolbox
  • Street Research
  • OptionsHawk Research
  • Daily Options Radar
  • OptionHawk’s Weekly Radar Report
  • Options Hawk Market Outlook Access
  • Daily Earnings Grid
  • Weekly and Monthly OpEx Sheets
  • Notable Options Database
  • OptionsHawk Quarterly Market Brief

More About this Plan

Options Hawk Elite

$199 | 30 days

  • Hawk’s Market Blitz
  • Spotlight Trades (2 Per Week)
  • Market Recap
  • Weekly Earnings Snapshots
  • OptionsHawk Research
  • Daily Options Radar
  • OptionHawk’s Weekly Radar Report
  • Options Hawk Market Outlook Access
  • Daily Earnings Grid
  • OptionsHawk Quarterly Market Brief

More About this Plan