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The 15-minute chart for La-Z-Boy recently exhibited a bullish signal, as the stock price crossed above its 50-period moving average, signaling a shift in momentum towards the upside. This positive momentum is further reinforced by the presence of a bullish Marubozu candlestick formation on December 3, 2022 at 12:15. The appearance of this signal suggests that buyers are in control of the market and are likely to continue driving the stock price upward. As such, investors should remain optimistic about the stock's potential for further gains.
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