ClaudioVelez

TREX Short position

Short
ClaudioVelez Updated   
NYSE:TREX   Trex Company, Inc.
TREX Short position
Markets are starting going a litle Bear market
TREX making a descending channel
The company had great QEarnings, yet most customers pay with bank loans the products
With unemployment rising, not good signs for some stocks
SL . 114.20
TP1 . 107.20
TP2 . 99.00
TP3 . 90.50
Trade closed: stop reached:
Pratically a break even.
This trade was not in the rigth moment, let's wait until Q2 earnings (and see results) or a reversal in the trend of the market.
Marked as a company that will struggle with unemployment rise.
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