Builders FirstSource Inc. (BLDR) – stock is trading around $20.19 dollars as of September, 16, 2019 and offering a possible buying price between $20.16 – $21.17. Let’s look at the stocks technical actions using a weekly chart.
2. The stock breakout back in early may in a rock solid volume.
3. The stock immediately witnessed a reaction and give up all the gains and some.
4. The stock brokeout, again, but this time it went into a consolidation and digested the gains.
5. The stock brokeout and made solid gains within couple of weeks.
6. Though, the trade was not that steady, the stock continued to found support at the 50 day moving average line.
7. The stock is offering possible buying price between $20.16 – $21.17, with a stop loss at $18.55.
This stock is already part of the Stocks Under 50 Dollars pick and performance will be tracked here .
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