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Builders FirstSource Downward Momentum Looks to Continue (BLDR)

Written on Sat, 03/13/2010 - 12:26pm
By Chip Brian

SmarTrend identified a Downtrend for Builders FirstSource (NASDAQ:BLDR) on September 02, 2009 at $4.64. In approximately 6 months, Builders FirstSource has returned 32.3% as of today's recent price of $3.14.
Builders FirstSource is currently below its 50-day moving average of $3.40 and below its 200-day moving average of $4.35. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Builders FirstSource.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): BLDR

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