La-Z-BoyCompany Description:
La-Z-Boy Incorporated is one of the world's leading residential furniture producers, marketing furniture for every room of the home. The La-Z-Boy Upholstery segment companies are La-Z-Boy and England. The Casegoods segment consists of three brands: American Drew, Hammary and Kincaid. The company-owned Retail segment of the La-Z-Boy Furniture Galleries stores. The corporation's branded distribution network is dedicated to selling La-Z-Boy Incorporated products and brands, and includes the stand-alone La-Z-Boy Furniture Galleries stores and the independent Comfort Studio' locations, in addition to in-store gallery programs for Kincaid and England.
Analysis:
When taking a look at the 4 hour chart, I see a few indicators that gives me bullish sentiment:
1. Candles near strong support.
2. RSI starting momentum upwards and coming off of an oversold area?
3. Mac D on its down side. Flashing black and may be losing its recent downtrend momentum.
4. High before the most recent previous high was broken.
5. New low was made. However, new accumulation stage forming?
6. 50/200 EMA Cross approaching with 2nd Orange Renko forming?
Looking for a price target of $40! Not Financial Advice. Always Do Research Before Decision!
