Technical Analysis of Financial Markets

Monday, November 06, 2006

Builders FirstSource, Inc. - (BLDR)

Operating principally in south eastern US, Builders FirstSource, supplier of structural building materials to homebuilders, has been in a downtrend for over 6 months eroding some 70% in price action. A month ago, price action broke-out from the downtrend and seems to be trading sideways; possibly a trend-reversal. Go long; stop-loss close below $15.

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