Wednesday, January 16, 2013

USG Corporation (NYSE:USG)

USG Corporation, through its subsidiaries, engages in the manufacture and distribution of building materials worldwide. The company offers gypsum and related products, including gypsum wallboards, joint compounds used for finishing wallboard joints, cement boards and accessories, glass mat sheathing, gypsum fiber panels, glass mat panels, poured gypsum underlayments, ultra light panels, and various construction plaster products. Its gypsum products are used in various building applications to finish the interior walls, ceilings, and floors in residential, commercial, and institutional constructions, and repair and remodel constructions. The company also produces gypsum-based products for agricultural and industrial customers to use in various applications, including soil conditioning, road repair, fireproofing, and ceramics. In addition, it manufactures ceiling grid and acoustical ceiling tile for electrical and mechanical systems, and air distribution and maintenance applications. The company distributes its gypsum products through building materials dealers, home improvement centers and other retailers, specialty wallboard distributors, contractors, and a network of distributors. Further, it distributes other manufacturers' gypsum wallboards, ceilings products, joint compound and other gypsum products, as well as drywall metal, insulation, roofing, fasteners, and exterior insulation finishing systems.



To review USG's stock, please take a look at the 1-year chart of USG (USG Corporation) below with my added notations:
USG has been in a steady trend higher since June. Along the way, USG has formed a nice trendline of support (blue). Always remember that any (2) points can start a trendline, but it's the 3rd test and beyond that confirm its importance. Obviously USG's trendline is very important to the stock since it has been tested on multiple occasions.


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