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Builders Firstso: 52-Week High Recently Eclipsed (BLDR)

By Amy Schwartz

Builders Firstso (NASDAQ:BLDR) traded at a new 52-week high today of $21.10. Approximately 89,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Builders Firstso has overhead space with shares priced $19.99, or 21.3% below the average consensus analyst price target of $25.40. The stock should find initial support at its 50-day moving average (MA) of $18.35 and further support at its 200-day MA of $14.91.

Builders FirstSource, Inc. manufactures and distributes building products to professional homebuilders.

Builders Firstso share prices have moved between a 52-week high of $21.10 and a 52-week low of $10.15 and are now trading 97% above that low price at $19.99 per share. The 200-day and 50-day moving averages have moved 1.21% higher and 1.70% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Builders Firstso on June 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.84. Since that recommendation, shares of Builders Firstso have risen 27.5%. We continue to monitor BLDR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows builders firstso

Ticker(s): BLDR