Cornerstone Building Brands, Inc. manufactures and markets metal products for the nonresidential construction industry in North America.
I'd say this is a great play right now, but you have to buy at around 6.40-6.50, with first targets at 7.60 (that mini gap), then up again at 8.75. You can hold some to see if it goes further, but it's in IYR, which is due for a short term correction. This can still pop, but it just means it will lose steam as the big players will drag the rest of the market down. Note that short term, Chinese metal is expensive, which means American metal will become the alternative.
I've got my alerts set for 6.40.
I'd say this is a great play right now, but you have to buy at around 6.40-6.50, with first targets at 7.60 (that mini gap), then up again at 8.75. You can hold some to see if it goes further, but it's in IYR, which is due for a short term correction. This can still pop, but it just means it will lose steam as the big players will drag the rest of the market down. Note that short term, Chinese metal is expensive, which means American metal will become the alternative.
I've got my alerts set for 6.40.