Why The Founder Of Eagle Bay Capital Likes Lumber Liquidators

JC Parets is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

Eagle Bay Capital Founder JC Parets discussed Lumber Liquidators Holdings Inc LL on the show.

Parets said he liked the stock with its bullish technical divergences and felt there was "10 points to the upside."

Parets thought the stock "was stretched from the mean" and that it would continue to rally.

Lumber Liquidators recently traded at $33.18, up 0.52 percent.

Listen to the show here: