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.
Please bookmark us
No comments:
Post a Comment