NX: Quanex Building Products Corporation
2021-03-04 16:15:00
Quanex Building Products Announces First Quarter 2021 Results and Increases Full Year 2021 Guidance
With the housing boom going currently in the US, you would expect housing supplies and construction to do well.
Quanex is showing good momentum, and sitting on 21.66 which is the long term support line for many many years (just scroll back chart), it bounced up nicely on 21.66 recently and now seems to be consolidating under $25.
It should explode from here...
The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time. NOTE: When any trade is on, just manange it. Risk & Reward 1:4, like it.
I own stock involved and belive that bullish is only way...
