Take profits from Lumber Liquidators Holdings Inc (NYSE:LL)
Stock Traders Daily has recommended taking profits from shares of Lumber Liquidators Holdings Inc (NYSE:LL). The stock recently traded as high as $17.10, within striking distance of our $18.00 price target, and it has subsequently begun to turn down. The aggressive declines that happened on September 18, 2015 were without corresponding news and aggressive.
With pending news coming from California's Carb 2 board and the CPSC, each of which could be negative, we believed that securing gains in this position was intelligent. We secured approximately 24.3% from this position.