Stock in Focus: Lopez Holdings (LPZ)

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Lopez Holdings (stock symbol: LPZ) has been having a difficult time in shaking off the ‘bear flu’ it had almost a year ago. And, recently, the stock experienced a steady decline for a little over two months. Is the current price action (bounce from 4.00 around the start of the year) showing us the stock’s much-needed respite?

The Commodity Channel Index (CCI) followed price during its upward bounce and it remains well above the 100 level.

Buyers can face headwinds from 5.00 to 6.00. They also have the duty of keeping 4.00 supported in the coming weeks.

LPZ Daily chart, January 9, 2014

LPZ Daily chart, January 9, 2014

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