BLDR on a consistent trend higher
BLDR is part of the construction industry and has had consistent gains over YTD in the range
of 95 % with favorable beats on earnings estimates and increases in revenue. Volume has been
rising in the past month. In the past when BLDR pulled back to the blue SMA100 line it then
reversed quite well and resumed its move higher. At present, BLDR is on a pullback which
provides an opportunity for a long entry at the current price where the SMA20 SMA50 and SMA
100 are converged. I will take a long trade here as I see BLDR to be consistent in its move
up and setup for entry with a pullback.
of 95 % with favorable beats on earnings estimates and increases in revenue. Volume has been
rising in the past month. In the past when BLDR pulled back to the blue SMA100 line it then
reversed quite well and resumed its move higher. At present, BLDR is on a pullback which
provides an opportunity for a long entry at the current price where the SMA20 SMA50 and SMA
100 are converged. I will take a long trade here as I see BLDR to be consistent in its move
up and setup for entry with a pullback.
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