Stock in Focus: Lopez Holdings (LPZ)

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Lopez Holdings (stock symbol: LPZ) has crawled higher since my first post, but price is still unable to make good progress. The stock has been stuck in a very tight range in the mid-4.00s since last month.

Philippine Stock Exchange_LPZ Daily chart, March 14, 2014

LPZ Daily chart, March 14, 2014

The Stochastic indicator continues to point lower with a bearish formation.

With not much development at hand, I still expect buyers to face headwinds from 5.00 to 6.00. Support must remain at 4.00 in the coming weeks.

Do you have LPZ in your portfolio? Share your thoughts below!

 

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