The U.S. Homebuilders are seeing strong and consistent demand for new housing to be built. This is creating a huge demand for building products and supplies in order to build the new homes. This wave of demand is a strong tailwind for TREX’s business and as long as new home sales and home building data remains strong, expect TREX’s share price to continue to reap the rewards. The charts in this quick video make it all crystal clear. Take a look:
As a key part of Chuck’s Optioneering Team, I work closely with Chuck throughout the week to review various setups and we select one we feel is ripe for a favorable move. Keep an eye on your Inbox for more insight to help you navigate the markets.
Thank you,
Blane Markham
Technician
Hughes Optioneering Team
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