Here I am identifying a pretty clean ascending triangle pattern on the weekly timeframe. This pattern usually continues upward about 70% of the time. I have an idea to buy some shares around 25.5 with a target exit of around 27. Stop loss would be 25.0.
I've been on this stock for a couple of weeks now - just didn't get a chance to post about it, but is has been having a great run of late piggy-backing off the whole home builders market being driven by low interest rates. Good to be the company selling shovels to the miners when they are in a boom. Might be a bit overextended at the moment if you are looking for...
After a tough first half of the year, Home Builders/Products look to be making a nice, healthy recovery. One of our best long buys a couple of months was BZH (We got it around $10.00, it's trading around $14 recently).
BLDR has a beautiful chart and their products are superior and preferred by custom builders.
We'll hold our BZH long but see if we can catch a...
30 yr mortgages rates are nearing record lows. i see a likely correlation resulting in homebuilders and suppliers being at an advantage. this boost in credit and consumer confidence will likely result in more new home builds. if you look how FHA loans are structured consumers get more bang for the buck if they build a new home rather buy an older home. currently...
Price on 1.2.06 was a high of 25.50. Highest close that month was 25.04
Price on 2.1.06 was a high of 25.00. Highest close that month was 23.71
Price on 1.1.18 was a high of 23.12
Cup from June '07 to mid-to-late '15. Increased volume towards the end of the cup, decreased volume on the handle. Handle from May '15 to March '17 until it started to consolidate....
I received this "chart of the day" through barchart.com
They have this stock as a strong buy, both long term and short term. WOW
I'm teaching myself about Stochastic Oscillators today.
With Stoch set at (14,3,3) the most recent low risk entry point was on 18DEC17
If I had set it at (14,3,1) the entry point would have been the 15th
Does it make that much of a...
BLDR was in our watch list from quite a while & now it seems getting ready for a decline. It seems breaking down from a double top formation, retested & now rolling over ahead of earnings. Moneyflow is dropped. It also has good insider selling, and weak financial ratios.
We think it has good chance of Decline with the earnings, which is after market today.
BLDR was in our watch list for last few weeks, and now it seems forming double top with moneyflow divergence. Could be breaking down here. We think it has good downside potential.
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top formation
Entry Target Criteria- Break of $15.37
Exit Target Criteria- 1st Target $14.17, 2nd Target...