We are going to add to our long position in Lumber Liquidators (LL, $24.64)
We had said we would add to our position if we got the strength we were looking for and a low volume pullback. We have done that, so we will add to our position at Thursdays’s opening.
You can also see the Technometer is registering an oversold condition so we should be able to rally from these levels.
We are going to use a stop on both long positions at the original buy of $22.35
Have a Safe and Happy 4th of July!