Headwaters Incorporated, a building products company, provides
products and services in the light and heavy building materials sectors
primarily in the United States and Canada. The company’s Light Building
Products segment designs, manufactures, and sells siding and exterior
siding accessories, professional tools such as portable cutting and
shaping tools; manufactured architectural stone products; and
concrete-based masonry products, including standard grey blocks, split
and ground faced blocks, and polished and textured blocks. Its Heavy
Construction Materials segment markets coal combustion products (CCP),
including fly ash that is used as a replacement for Portland cement in
various concrete applications, such as infrastructure, commercial, and
residential construction; and provides CCP disposal services, as well as
services to electric utilities related to the management of CCPs. The
company’s Energy Technology segment is involved in the heavy oil
upgrading processes, and the liquefaction of coal into liquid fuels.
Take a look at the 1-year chart of Headwaters (NYSE: HW) below with added notations:
HW has been trading mostly sideways for all of 2014. During that
time, the stock has run up against a very strong resistance at $14
(blue). The stock is now starting to look like it wants to test the $14
level again, and may be looking to finally break thru that $14
resistance. That break would also constitute a new 52-week high.
The Tale of the Tape: HW has a 52-week resistance at $14. The possible long position for the stock would be on a breakout above $14.
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