Homebuilding manufacturer TREX had a pockpet pivot yesterday off its 50-day moving average and looks to be trading enough volume for a second pocket pivot today. The group as a whole is showing strength and industry group rank is 5th. That said, there are fundamental pitfalls to this group doing well over the long run, but in the meantime, price/volume is showing spark and life in this particular stock making it actionable in potentially the intermediate term.
PPR - TREX etc
|Published:||18 Dec 2012 16:45 ET|
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