Buyable Gap Up - TREX 5/8/15
|Published:||10 May 2015 10:47 ET|
Residential and commercial decking, railing, and fencing product manufacturer TREX gapped up on a strong earnings report. The caveat is that it closed near the low of its trading range, thus while risk is lower if one buys it near its closing price, the odds of failure are also higher, though its 50dma may serve as support. Earnings and sales are accelerating, ROE 37.8%, group rank 14.
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