UFP Industries (UFPI) closed at $101.32, marking a +0.67% move from the previous day. This change outpaced the S&P 500's 0.63% gain on the day. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 0.39%. Coming into today, shares of the wood and materials provider for the construction industry had lost 0.76% in...
UFP Industries, which makes lumber and other building products has 216 locations in eight countries making wood and wood-alternative products for retail, construction and industrial customers. After making an ATH at $94 in January, has formed a good cup & handle pattern with a pivot buy above $88.10. The handle shows a good volatility contraction as it has low...
In the chaos of geopolitics, UFPI is strongly upward with indicators, which shows its power.
NASDAQ:UFPI Has seen a rapid increase in momentum and looks to be seeking a breakout
Entry price : 61.96 Fundamentals : - Sector: Building - Wood products - EPS % Chg (Last Qtr): 49% - EPS % Chg (Previous Qtr): 23% - 3 Year EPS Growth Rate: 25% - EPS Est % Chg (Current Yr): 26% - Sales % Chg (Last Qtr): 28% - Sales % Chg (Previous Qtr): 0% - 3-Year Sales Growth Rate: 5% - Annual Pre -Tax Margin: 5.5%
looks we topped out but this will keep climbing I want to get back in at box areas.
This symmetric triangle looks pretty good. Watch for a confirmed breakout on a closing daily candle, or a morning breakout on high volume. Void if it breaks below the triangle.
Expecting further declines in UFPI for the remainder of the year and into January.
...if it can get through resistance, going with a 2:1 R/R