Headwaters Incorporated 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,
including decorative window shutters, gable vents, mounting blocks for
exterior fixtures, roof ventilation, trim board and molding products,
specialty siding products, synthetic roofing tiles, and window well
systems; 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.
To review Headwaters’ stock, please take a look at the 1-year chart
of HW (Headwaters Incorporated) below with my added notations:
HW had been trending higher from October til March, but then sold off
into mid-April. Since then the stock has been climbing a trendline of
support (blue). The stock has also formed at 52-week high resistance at
$14 (red). At some point HW will have to break one of those two levels.
The Tale of the Tape: HW has a $14 resistance and an
uptrend line of support to watch. A long trade could be made on either a
pullback down to the trendline, which currently sits just under $13, or
on a break through the $14 resistance. A break below the trendline
support should lead to lower prices.
Please share this article
The U.S. Shale Energy Industry is heading for
big trouble and very few Americans realize it. Not only will the peak
and decline of U.S. shale oil and gas production spell disaster for
the U.S. economy U.S. economy, it will also be one of the factors
responsible for ending precious metals manipulation.
The only way the Fed and Central Banks can
continue propping up their fiat currencies is with massive monetary
printing and bond purchases. While this tactic keeps the system
together, it does so by adding debt on top of more debt. This debt can
only be settled by a growing economy.
Unfortunately, the world is currently
experiencing a plateau in global oil production. Without continued
growth of the world’s oil supply, the massive government debt (which
backs the global fiat currencies) becomes a real nightmare.