We assign a technical rating of 3 out of 10 to LACR. In the past year, LACR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, LACR is a bad performer in the overall market: 97% of all stocks are doing better.
LACR is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 91% of 49 stocks in the same industry do better.
LACR is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: LACR has an average volume of 6211 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month LACR has a been trading in the 7.88 - 10.70 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.