NYSE:BLDR is building a small C&H on the hourly chart, following a good run with higher lows, followed on a better than expected earnings. Looking to enter if market allows me.
BLDR is part of the construction industry and has had consistent gains over YTD in the range of 95 % with favorable beats on earnings estimates and increases in revenue. Volume has been rising in the past month. In the past when BLDR pulled back to the blue SMA100 line it then reversed quite well and resumed its move higher. At present, BLDR is on a pullback...
Fundamentals Builders FirstSource is in a robust financial situation and very cheaply valued (P/E = 4.6, P/S = 0.6) Since the start of 2011, its revenue has tripled and earnings grew by almost 900%! Even last year when the market was puking, its earning grew by 60% Their profitability is also good with ROE = 55.4% (Industry = 17.9%) and net profit...
Management has been aggressively buying back shares Strong return over the last three months Cash flows can sufficiently cover interest payments Prominent player in the Building Products industry
The PEAD projected a Bullish outlook for $BLDR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 81.82%.
BLDR has pulled back to the 163/164 mark. The last two time it did this it bounced back and hit the 72-75 range and relatively quick. The MACD has it in a downtrend for now but I think if you can get this stock @ the 60-63 range you will be in great shape for a decent return in a few months. RSI has it on the oversold side slightly, the PE ratio is also at a 7.61...
Desicion to Buy. Entry Price = $75.35. Target Price=$78.74. Stop Price=$71.96
Nice Accumulation, expect markup from here. Targets 76, 83, 86. Should see straight up next few days. Not advice or whatever
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price. Entry Price: $76.57 Target Price: $77.97 Stop Loss: $74.16
Dead money since November 2021. Now ready to move as cup and handle formation develops? Pivot = $79.14. This is the level which it must clear and hold. Stop = $72.63 Target: $94.24 Also above daily and quarterly pivot.
Desicion to Buy. Entry Price = $75.05. Target Price=$78.05. Stop Price=$72.05
Builders FirstSource, Inc. ( NYSE:BLDR ) Sector: Producer Manufacturing (Building Products) Market Capitalization: $13.734B Current Price: $71.72 Breakdown price: $67.00 Sell Zone (Top/Bottom Range): $68.50-$73.00 Price Target: $64.20-63.00 (2nd), $56.00-$54.40 (3rd) Estimated Duration to Target: 27-29d (2nd), 60-63d (3rd) Contract of Interest: $BLDR 3/18/22...
BLDR: Builders FirstSource, Inc. 2022-02-18 07:00:00 Builders FirstSource Announces Authorization of New $1 Billion Stock Repurchase Plan
High Tight Flag Entry on break of consolidation Risk 5% Reward 20% This is not financial advise. Please use proper risk management.
MBIN: Merchants Bancorp 2021-11-17 16:00:00 Merchants Bancorp Announces Renewal of Stock Repurchase Program
Builders FirstSource, Inc. ( NYSE:BLDR ) Sector: Producer Manufacturing (Building Products) Current Price: $67.28 Breakout price trigger: $63.00 (hold above) Buy Zone (Top/Bottom Range): $64.75-$59.20 Price Target: $78.00-$80.00 (1st) Estimated Duration to Target: 67-70d (1st) Contract of Interest: $BLDR 1/21/70 70c Trade price as of publish date: $3.20/contract
* Excellent earnings quarter over quarter * Strong up trend * Broke out of a 5 month consolidation * Currently has 45.84% more volume than average * Created a cup and handle pattern * Probable 34.84% ROI
BLDR has had a recent breakdown from a Cup with handle pattern. I've had this stock in my portfolio, but will look at adding to it.