Up, up and up for LP

The fundamentals in the housing market definitely support strong optimism, but the sentiment surrounding shares of Louisiana-Pacific seems to be getting a bit frothy these days. The stock (Ticker: LPX) is up more than 2 percent today, taking it near its April 2007 levels, and the technicals suggest there's plenty more upside.

On top of that, analysts have been ramping up their profit estimates of late: In the past two months, the consensus for the Q4 EPS number LP execs will report a month from now has gone to 16 cents from 11 cents. The outlook for all of 2013 is up 25 percent since Halloween.