Headwaters Inc. (HW) been struggling lately, but the selling pressure may be coming to an end soon. That is because HW recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. Estimates have actually risen so much that the stock now has a Zacks Rank #2 (Buy) suggesting this relatively unloved stock could be due for a breakout soon.
HEADWATERS (HW): Free Stock Analysis Report
Zacks Investment Research
all the home builders are good swing trades lately....Headwaters is a lower income housing and relies more on financing than the others like Toll Brothers (TOL) and I think lends it more to volatility. I have shorted and bought this stock in the last week.
wow just when I thought it was too late to get in.....based on that it should go to $19 to $20