TopBuild Corp (NYSE:BLD) released its earnings report on October 31, 2023, revealing a 9.0% increase in net income for the third quarter of 2023. The company's sales rose by 1.9% and operating profit grew by 6.6% compared to the same period in 2022.
Financial Highlights
TopBuild Corp (NYSE:BLD) reported sales of $1,326,120, marking a 1.9% increase. The company's...
This is what I see: A cup and handle pattern. End of 4th motive wave. Stock to go up to next resistance level of 320 and possibly higher in the 5th wave.
Dark cloud cover appeared today, for now. Candles can change quickly if buyers come in.
I like this stock but it can be very volatile for the sector it is in. BLD can make a large gain in one session, but can pull like a witch when it is time to go down. Why it is more volatile than many in this sector? I have no clue. I have traded it enough to feel it is...
Maybe one to watch.
Looks like a double bottom. If you are looking for a neckline on a pattern, often you will find it as the security often struggles at the neckline. Bottoms like inverse H&S and double bottoms etc. have a line of resistance they must break to move on. Then that line becomes support.
I have noted BLD is volatile for this sector and can be a...
Earnings beat
No Rising wedges noted
Not a recommendation
Good support at 129ish and 133-134ish
Watching for a pullback
TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass...
$BLD bounced back from 50SMA last month with heavy volume. It is try to hit the buy point since then. Needs to hold above $134.75 before get in.
12 months Consensus Price Target: $117.80
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Thx
Contextual immersion trading strategy idea.
TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from...
