We are once again entering a long position in Lumber Liquidators (LL, $22.35)

We had previously bought LL at the area marked BUY on the backup to the creek.  We then sold as marked as a large price bar to the downside occurred right above our marked Point & Figure Chart objective.
We now think we have experienced a small accumulation phase, and also breaking an intermediate term downtrend.  We will take 1/3 long position here AT THE MARKET, and look to add on a pullback after further strength.
We would use a stop at $19.92 on this long position from $22.35.

Good Trading,
Todd Butterfield

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