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Trading La-Z-Boy's Massive Earnings Reversal

Bret Kenwell

On the daily chart above, investors can see the massive bullish engulfing candle La-Z-Boy stock is putting in today. $32 has been a notable level for La-Z-Boy stock, while the 50% retracement for the one-year range rests at $31.81. A close below this area could open up a pullback down to the 20-day and 200-day moving averages between $30.92 and $30.70.