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.
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