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| Daily chart of LL (11:10AM) |
If you believe that housing has bottomed and that new construction is now turning up from the very low levels it has been posting for .... oh .... years ... then this may be a good time to buy some LL. It's come back to a longer term trend line here and is showing a buy signal on the daily stochastic. Volume needs to be a bit higher but this one is worth watching. I nibbled some Feb55 calls @ 1.35.
By the way, if you wonder what the connection to Superman is it's the initials LL.
