Trading Session Report for Beacon Roofing Suppl (BECN)

Stock Performance View

Tracking current trading session activity on shares of Beacon Roofing Suppl (BECN), we can see that the stock price recently hit 34.74. At the open, shares were trading at 34. Since the start of the session, the stock has topped out with a high of 35.07 and bottomed with a low of 33.79. After noting current price levels, we can see that the change from the open is presently  0.97.

Investors might be taking a closer look into the crystal ball to try and decipher what is in store for the second half of the year in the stock market. While cautious optimism may be the prevailing sentiment, many investors will be looking to take the portfolio to the next level. With markets still riding high, the big question is whether the momentum will push stocks higher or if the bears start to take over. There may still be a few undervalued stocks with much more upside potential ready to make big moves. Finding these stocks may involve doing a little more homework. Investors may be looking to take advantage of any little sell-off that might provide some bargain buying opportunities.

Focusing in on some other information, we can see that Beacon Roofing Suppl (BECN) has a current weighted alpha of -40.60. The weighted alpha gauges how much the stock has increased or decreased over the period of one full year. The weighting puts higher emphasis on more recent activity providing a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that the stock has risen over the past year. A negative reading would indicate that the stock is down over that same time period. Technical traders often use the weighted alpha to help discover stocks that are building momentum. 

Earnings Focus

Beacon Roofing Suppl (BECN) last reported earnings results on 11/19/18. For the most recent period, the company posted quarterly EPS of  1.07. The trailing 12 month earnings number is currently 2.58. The company’s EPS growth over the previous quarter clocks in at -9.32%. The EPS metric is frequently used to measure a company’s profitability based on each outstanding share of common stock.

Relative Strength      

Investors may be tracking various technicals on shares of Beacon Roofing Suppl (BECN). We can see that the 9 day relative strength value is currently  66.76%. This technical momentum indicator compares the size of recent gains to recent losses helping to identify possible overbought and oversold conditions. The 9 day historical volatility reading is currently 38.91%. This measures the average deviation from the average price spanning the past 9 days. The current 9 day MACD has been spotted at 1.58. This value represents the difference between a short-term and a long-term moving average. A reading over zero may provide a bullish signal, and a value under zero may represent a bearish signal.

Because there are so many stocks to choose from, it may not be feasible for investors to be able to research all of them. Investors may have many different preferred methods for screening stocks, and it can sometimes be easier to focus on a small number of stocks at first. There is no shortage of stock picking ideas that come from various outlets across the globe. Certain stocks tend to become household names simply because of the amount of coverage that they get from the media. There are many unglamorous stocks that might be a good fit for the portfolio. Taking the time to branch out into previously non-researched sectors may give the investor some new ideas for portfolio additions in the future.