Stock in Focus: Leisure & Resorts World (LR)

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Leisure & Resorts World Corp. (stock symbol: LR) despised a retreat to 6.00 and instead has decided to advance since my first post back in January. The stock broke the multi-month range and climbed to as high as 8.00 before tapering off.

Philippine Stock Exchange, Leisure & Resorts World_LR Daily chart, April 4, 2014

LR Daily chart, April 4, 2014

If 7.50 breaks, LR could eventually fall back into the range! Perhaps back to 6.50-7.00. On the other hand, if bulls can keep price afloat, above 8.00, we could see a series of topside challenges in the coming week or so.

The Commodity Channel Index (CCI) has retreated below the +100 level while price tries to cling close to 8.00.

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

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