Stock in Focus: Lafarge Republic (LRI)

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Slowly but surely, Lafarge Republic (stock symbol: LRI) has risen in the past few days. Now, it is banging on the door of the 9.00 psychological level after rising 1.81 percent in today’s trading.

This stock must vault the 9.00 level soon. You could breathe some sigh of relief if the stock can maintain price above the 10.00 level, en route to the 2013 double (or triple top) 12.00 highs last seen nearly 8 months ago.

The MACD Oscillator (MACD-O) is at its highest level in about 2 months. Is it hinting at higher prices?

LRI Daily chart, January 22, 2014

LRI Daily chart, January 22, 2014

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