Leggett & Platt, the diversified manufacturer, has still an uptrend and is going toward its highest level.

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, 20-day moving average helps the stock to keep its uptrend.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 29.1 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 26.6 short term support to avoid a downtrend.