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Beacon Roofing Supply, Inc. (BECN) - Buy, Sell or Hold?

Sector: Consumer Services   Sub-Sector: RETAIL: Building Materials
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBearish EngulfingTue, 07 Nov 201713.27%
***Stock database and scans are updated around midnight (New York time) every trading day.
61.45 0.00 (0%) Nov 28 4:00pm EDT
Open: 60.25 Range: 60.00 - 62.17 Vol: 1.67M Avg Vol: 845.59K
EPS: 1.68 P/E ratio: 32.90 EBITDA: 373.75M Mkt Cap: 3.35B
Analyze "BECN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 60.26
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 56.31
Last Trade is above the 50 day moving average at 53.95
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 49.18
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of BECN

Stock Trend Analysis - Buy, Sell or Hold "Beacon Roofing Supply, Inc." (BECN)?

BECN is in a very strong uptrend. In the last 52 weeks, BECN has been trading above the 200 day moving average for 86% of the time with an average daily volume of 845.6K shares being traded. The 50 day moving average, currently at 53.95, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average confirms this view as the underlying strength in BECN is still very strong with price maintaining above the 20 SMA for 95% of the time in the last month of trading. Traders however need to be cognizant of the fact that some retracement may set in as many may use the strength in price to lock in profits. Traders who are thinking of going long BECN shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 53.95 and 49.18 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "BECN".

The analyst consensus estimates for the 1 year price target for this stock is $55.38* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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