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Builders Firstso: New 52-Week Low Set Today (BLDR)

By David Diaz

Shares of Builders Firstso (NASDAQ:BLDR) traded today at $13.30, breaking its 52-week low. So far today approximately 129,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

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

Potential upside of 88.6% exists for Builders Firstso, based on a current level of $13.47 and analysts' average consensus price target of $25.40. The stock should find initial resistance at its 50-day moving average (MA) of $16.01 and further resistance at its 200-day MA of $18.91.

In the past 52 weeks, shares of Builders Firstso have traded between the current low of $13.30 and a high of $23.28 and are now at $13.47. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.4%.

SmarTrend is tracking the current trend status for Builders Firstso and will alert subscribers who have BLDR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows builders firstso

Ticker(s): BLDR