Trex Company, Inc. (TREX) Moving Average Crossover Spotted

Zacks

Are you a technical investor? If so, it may be time to consider Trex Company, Inc. (TREX) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for TREX.

This trend may have already begun, as shares of TREX have moved by higher by 40.6% in just the past month. Plus, TREX has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Trex Company, Inc. has plenty of life left.



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