EXP had a base breakout/pocket pivot in yesterday's trade after a strong earnings report. Earnings and sales are robust and accelerating, and while the stock looks good, keep in mind that RS is 94 so in an open window market environment where leading stocks start to finally shine, you might want to focus on stocks with even higher relative strengths. That said, there is nothing wrong with buy a position in EXP then substituting EXP with a faster stock should the situation arise.
PPR - EXP 5/16/13
|Published:||16 May 2013 16:32 ET|
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