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La-Z-Boy Shares Up 64.3% Since SmarTrend's Buy Recommendation (LZB)
Feb 13, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for La-Z-Boy (NYSE:LZB) on October 10th, 2011 at $8.52. In approximately 4 months, La-Z-Boy has returned 64.32% as of today's recent price of $14.00.
Over the past year, La-Z-Boy has traded in a range of $6.76 to $14.23 and is now at $14.00, 107% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 3.7%.
La-Z-Boy Incorporated manufactures residential and office upholstered furniture. The Company's product lines include motion, stationary and modular seating, desks, cabinets, conference tables, dining room and bedroom furniture, and book cases. La-Z-Boy markets its products through department and furniture stores, mass merchandisers, and La-Z-Boy showcase galleries.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of La-Z-Boy shares.Log in and add La-Z-Boy (LZB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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