Beacon Roofing Supply Inc. (NASDAQ:BECN)

Strategy Session September 6th, 2017

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  • debeers: $ARDX the Woodie gift that keps on giving $BECN/$CAT- Loans fior housing increasing. $FANG/$MTDR-Refilling the petroeum reserves $FDX-Nice buyback and i think it puts a floor under the stock $LRCX-You don't see $LRCX offering to build a facotry in Israel because $LRCX calls its own shots $SCHW- Bought when Bettinger did at 50 and 49. Here's the axiom---Heads of cos sell for many reasons: College for kids/ walletectomies(-divorces)/buying homes. THEY ONLY BUY FOR 1 REASON- THEY BELIEVE THEIR STOCK WILL GO UP.
  • debeers: $AMZN/$ANF/$ARDX-forever grateful to Woodie for this one/$BECN/$CLF/$COST-shut up! you'll be getting a 15 buck special divvie and their parfking lot oozed into 3 other buildings/ $CRM/$NOW-@DAN forst spotted this one---nice get/ $PANW.
  • champ: $BECN...$85.03....this great company, will be reporting their earnings after the close today...see their Website for all that they do...... ...I just got-in with 400 shares....and I'm looking for something before the close, I will take anything....... ...and I lust might hold a small gamblers position, into their earnings, maybe... #if-I-like what I see, maybe some insiders will move in. I have been working/trading this stock.....and I'm up about $4k, so I have some $$$ to work with.
  • champ: $BECN....had a miss and as we all know, only the other #guy, is always right, when holding a stock into earnings...so I had NP........ .....however all the $$$ are usually made, after an earnings miss...but Not all the time, so always have to Wait and See..... on how it plays out in the morning, because thats alway the play...... .....and having #patience, is always the best way to play this game...... Before placing a Bet.
  • champ: $BECN....up 11.38% today, this is a real nice #Growth-stock and as of today, this is my only #swing Investment position..... .....see at their Website and then look at their last #Investors-Presentation, for my reason why I'm swinging this position.....and it is because their business is Growing fast, with huge BackLogs, of $1.59 billion $$$........ ....and their summer months, are their main season for huge Profits. ....My short-term price target for this year is $45.00 or higher and that price target could happen before or right after their next Earnings report.
  • champ: My post below should be on $ROAD and #Not $BECN...I dropped in the wrong stock.
  • champ: $BECN....they will be reporting their Earnings on Thursday, after the close.
  • champ: $BECN $BLDR...I also took profits on both...and I'm ending the day with No swing positions.
  • champ: $BECN....they are on a #Pre-earnings move....they will be reporting on Thursday, 8/3/after/confirmed. ...I posted info previously, for those who want to take a look.
  • champ: $BECN....everything is zigzagging....so No-plan = No-Profit.
  • champ: $BECN....these guys are going to have Blow-out Numbers on 8/3/after confirmed.....and for that info all we have to do is look at what $OC said...$OC is #Owens-Corning....it's going to be a No-brainer for $BECN earnings report.
  • champ: $BECN is at $83.50....#Beacon-Roofing-Supply, check out this company......because $OC reported strong earnings and need to #read what they reported on their earnings.....
    ......because the Set-up is......
    ..they reported strong earnings because both ...
  • woodman: @champ $BECN $OC $BLDR #Beacon-Roofing-Supply #read #Pre-earnings #sell-everything #Construction-Contractors - $BLDR reports 8/2 bmo.
  • champ: @woodman $BECN $OC $BLDR #Beacon-Roofing-Supply #read #Pre-earnings #sell-everything #Construction-Contractors.......Exactly, so you need to Check-out what they said on their last ER-report......you and I have been following them for a long time....and as you know they are always in play, on their earning reports. LOL
  • woodman: @champ $BECN $OC $BLDR #Beacon-Roofing-Supply #read #Pre-earnings #sell-everything #Construction-Contractors - Yes.
  • Docoof: Some Building and Construction Products/Materials stocks that made new 1-yr highs on Friday: $CRH $SUM $BECN $DOOR $EXP $BLD $FBIN $MAS $FBIN $VMC $MLM $IBP $OC $TGLS $CNM $AMWD $AZEK $USLM $NX $SSD $LPX $BCC $PGTI $MWA $ATKR $BLDR $BXC (Many noted by champ, woodman, et al.)
  • champ: $OC..#Owens-Corning is a manufacture/supplier, in the roofing/insulation sector...$BECN.....Roofers are going to be busy.....Trade-able, Watch for Entries...however as we all know, all stocks, they all like to do that zig-zag dance.
  • jpoko13: 3 alerts hit so far...$AZPN, $BECN, $LYB
  • champ: $BECN...HOD-L.
  • champ: both are Green...$OC $BECN....
  • champ: $OC...still working but drop on 11/26 and is now back at around that $92 $$$ level and $BECN is also working today on an upgrade and all Roofers have to buy their roofing products from a company like $OC...so...for Roofing and Installation products, could look at $OC...
  • champ: @wanda1616 $GNRC --- $OC $BECN.....When you like a stock that has already moved, look for others that also have positive housing reasons, ...could even have weather related reasons also...like $OC or $BECN and there are others also, maybe think about turning the Music on and dancing around a little, also being diversified helps a little.
  • wanda1616: @champ $GNRC $OC $BECN thx for the advice. alice in chains. : )
  • champ: $OC and $BECN....both of these stocks are working, in the Housing sector...Investment positions.
  • JosephM: $BECN...worth a look. I've been selling this morning. Didn't have cash to buy $NNDM like I wanted, rookie mistake. Like $VIPS.
  • lostsheep: $BECN $GLUU $TTWO 2x inside days Not the greatest setups but worth setting alerts
  • bRobert: $OC Daily/WEEKLY C&H $75 high base / $100 targets 60% upside Not too shabby $BECN $30/$50 targets 60% upside too ............ Jinx
  • bRobert: @bogiedog1 $POOL The water is nice Nice small cap housing winner Keeps company with $LII. $BECN. others
  • bRobert: $NAIL. Closed near HOD W. near 50d. Pinching a bit $50+. target. to start Stop < LOD Many other individual names to choose from the usual suspects. $LOW. $$HD. $OC. $TREX. $AMWD. 200% upside. Long term. $BECN. $OSB 50%v upside $TPX. c&h. $100. target. close to 50%
  • bRobert: $EEM Small h&s top $42.50 neckline Could be retest of inverse h&s breakout OR $40 target with trigger $LOW High base target $124 May not be done Partials at the least were in order $OC flag $70 with trigger Longer term hold $BECN $38 W target flag
  • bRobert: $BECN Look for phase 3 $38+
  • bRobert: @champ $OC These small caps get knocked around $BECN another
  • bRobert: $TREX $OC $BECN Strong Look for pb/b TREX very bullish set up
  • bRobert: $OC . Continuation of bo . $67+ $BECN . Roofers busy $HOV . Short squeeze . Flag . $22 . with trigger/stop just below flag . . Alerts .
  • bRobert: $BECN Squeezing
  • bRobert: $BECN Squeeze continues. $LOW little cup/flag <50d Reports 5/22 Long from below . No edge over earnings $120/$130 targets Partial position.
  • bRobert: $BECN Getting tighter $46+ with upside resolution That can pay for a new roof and more
  • bRobert: $BECN . Squeeze continues $LII . $300+ . with breakout
  • bRobert: $BECN squeeze Long from below
  • bRobert: $LII Very strong. Ascending triangle. $290+ target LONG term hold. $BECN Pinching
  • bRobert: @debeers $HD I will "just" trade the chart. Positive price action. I like the WEEKLY . I'll let this well managed franchise deal with the other stuff. Cream of the crop. Bullish action in other housing related . eg . $LII . $MHK . $BECN . Lots of storm, ,flooding related repairs must be done. Interest rates coming in should help also
  • bRobert: $LII New all time hi. Strong stock. Go figure. Housing green shoots $BECN . Squeezing a bit
  • bRobert: $BECN Bullish price action. c&h. Long from below $46 target.
  • bRobert: $BECN Pop on partnership $46 c&h target Long $MHK positive price action High base/flag
  • bRobert: $MHK flag The floor is likely in . $142+ target $BECN $46 target Flag over $38 neckline
  • bRobert: $BECN . Another small cap housing related Big reversal on the WEEKLY . $50 target Daily c&h/flag $45 target Earnings acceleration. Reports 5/7 .
  • champ: ...
    .....I back out of this roofer supplier $OC, on the open because of what $BECN, said about the unfavorable weather....they couldn't work in many areas and they guided lower. I also took profits on $BLD.
    .......Building Permits were only report dow ...
  • bRobert: $BECN $MHK $FND . $LII . $LGIH . $AMWD . $TTC . $BCO . $HD . flag . Sunny housing related on a rainy day
  • bRobert: $MHK set up. $BECN recovered nicely $LII flag. $SHW flag $480 + mm target
  • bRobert: $LII nh WEEKLY breakout Long term hold $MHK phase 3 $BECN rebounding after gap/crap $TREX coming back
  • bRobert: @Bret $TREX . Rode it up from $67 . I will hold 1/3 or 1/2 . Look at reaction to $BECN to fully understand the possibilities even with a good report
  • bRobert: $MHK . Gap filled . More upside. $150 target 1 $BECN .regroup after earnings gap and crap . $42 + $LII $245 close/$265 $TREX . $85 $LGIH . $68
  • bRobert: $BECN . Putting the roof back on $LGIH . Very healthy consolidation. 50d cross and rendezvous with consolidation . Liftoff to follow $78+ . long term Holding
  • bRobert: @debeers $HD $MHK $MAS Add $BECN $TREX $LII
  • bRobert: $LGIH . My favorite chart of the builders. VERY high targets Very strong . Extended Scale in slowly $78+ . target . Huge upside $BCO . $HD . $LOW $TREX $BECN . pin action in $XHB
  • bRobert: $BECN Continues to work . Nice run from the mid $20's. $41+ from Series of Bullish patterns triggering, completing. and in progress
  • bRobert: $BECN . Watching for flag trigger . $41 . target . Long
  • bRobert: $BECN . $MHK . Flags .
  • bRobert: $ALRM . Flag/pop . Higher long term . targets. $BECN . Watching pullback for bounce. Phase3 type move.
  • bRobert: @champ $OSB $XHB A lot of pin action expected with the upturn in housing. $LII . $BECN . $TREX $ALRM . $BCO etc
  • bRobert: $WYNN . double bottom bounce with + divergences. Trade. $BECN . Tightening up >50d . \ $TCEHY . Tightening up > rising 50d. Any positive trade developments will lead to outperformance in $FXI related issues after 25% beat down. Expect more government $$ stimulus and relaxed lending.
  • tnt: $BECN another name hit with higher rate fears but should have tailwinds with spending from hurricane and infrastructure rebuild. Insiders have been buying recently as well. Was $66 just earlier this year. Bargain bin. I am a buyer here. https://www.tradingview.com/chart/BECN/JZfas8wN-BECN-bullish-falling-wedge-Insider-buying-Pushing-higher/
  • champ: @tnt $BECN --- Yes, sir...I have been watching this also, the last few days....but I picked $OC... now $50 was the close today....but the low was $42.88 and the YTDH was $96.50, this is going higher and it is up 6%, just today and is up 15%, in 3-day ...
  • champ: @stairm01 $OSB $OC ---- I took profits on #all my Hurricane positions yesterday. I sold $OSB at 5:01 on X-Day, on 8/30 and bought back in on 9/5 and out again yesterday 9/12. I'm was trading this stock, off of what I think others will do and I'm now ...
  • champ: $BECN $OC $OSB ....going to swing these Hurricane positions...as long as they are working, no real reason to sell.
  • champ: $BECN...#Day-3
  • champ: @stairm01 $OC #Day-6 ---- I'm still holding, long term and I added also again. Watch $BECN also.... it is outperforming, the last few days....it just needed a positive reason, to move also.
  • champ: @stairm01 $OC $BECN ---- Yes, #Day-5 off the low....#Hurricane stocks....This #Roofer is also working $BECN......could continue, investors take awhile ....3 - active storms out their in the Atlantic but for now Florence, is the main one. $HD and $LOW are also working.....happens every year.
  • bRobert: $BECN Puts up $OC shingles
  • champ: @bRobert $BECN $OC both right near HOD...RHRN....and both have a positive reason for investors/traders, earnings will be climbing....could be real nice #swing-bounce-trades....into the #Hurricane season and earnings....I'm holding positions in both.
  • efrain007: $BECN over yesterday high
  • efrain007: $BECN acting well, bummed I was stopped out of half yesterday. Sold partial 38.60 today and will move stop on remaining under VWAP
  • champ: @efrain007 $BECN ---- Yesterdays entry was for their next earnings...the same with $OC.
  • efrain007: @champ $BECN $OC Huh? I entered yesterday because of the big gap down from earnings the night before.
  • efrain007: $BECN stopped out of the last of my shares 38.40
  • efrain007: $EXTR $BECN $TWNK watching for trades
  • efrain007: $BECN in 36.60
  • DAN: @Zxy42 Hi Zxy42. Just saw your post. I apologize for the late response. I really didn't see anything this morning in time to trade them. As for gaps, $BECN would have worked. Gapped down more than 15% and then moved up quickly. But here are some other stocks that you might want to watch over the next couple of days. They're pretty oversold and just keep falling. At some point, they'll reverse. $EXTR -- recovered this morning, but might work higher above $6...but I wouldn't trade it today. That trade already happened...and it wasn't a particularly good one. $TWNK -- Actually put out a pretty decent move from $11.50 to $12 this morning -- maybe 4% profit. Now it's back down to the open, so there's no follow through. They're out there every day. We just need to look for them. 8-) Dan
  • efrain007: $BECN stopped out of half 36.40
  • champ: $BECN ...this is a miss....waiting for entry
  • champ: @mopick $OSB $HD $LOW #Lumber #special-dividend #guess #Photo ---- Did you see my post because their are also other reasons... beside housing. On the housing numbers, they always move around...month over month..MoM and even YoY. Builders alway have ...
  • champ: $OC and $BECN ....these are also on #Day-3
  • champ: $BECN still working and this is moving into earnings and I had a post over the weekend on info on this stock....to @stairm01 on $OC ...but it looks like he he off today.....for those who would like to take a look....on the #Roofing business..
  • champ: @stairm01 $OC @ $66.10 ---- D-Day is Wednesday morning, any idea on direction..? I'm watching but still NP, at this time but I did have a few positive trades.....and I might take a small Spec-positions and swing into earnings. I sold around the high, ...
  • bRobert: $BECN >50d W bottom $53+ Target 1
  • champ: $AAXN $BECN ....added a little to both.....#news
  • champ: $BECN....a very large #Roofer @ $43 ...new Growth stock --- #Insider-buying at $42.50, this is really positive... 11,800 shares by a director ....4-upgrades in the last 40 days, with a price target of $57...and one was just today...this could move into earnings on 8/7....because of all of these clues.... and this is the roofing season and that started in March. There will be many zig-zags, as it moves into earnings. Growth Stock because they have been adding many #roofers across the US in a big way in the last 24-month. They just had a acquisition...Atlas Supply..take a look....this is another type of company that they have been buying...they cover the west coast. Coatings and Sealants, for waterproofing. I double-up this morning.
  • bRobert: $AMWD On my radar for starter position. Chart similar to $BECN and other washed out housing related companies that have turned around,. Weekly W bottom with positive divergences shaping up. A Renaissance Tech holding
  • bRobert: $BECN $OC $LII homebuilder pin action
  • bRobert: $BECN Double bottom with positive divergences $52+ target . Not a barn burner trade. Housing value play. $OC another
  • CraigReynolds: @bRobert $BECN $OC Been watching this companies peers. Have traded $DNOW and $HRI in past. Any opinion on these?
  • bRobert: @CraigReynolds $BECN $OC $DNOW $HRI Not really familiar with them.
  • bRobert: $LGIH bullish reversal . Long term hold. $BECN up 2%
  • bRobert: $BECN double bottom. Small long term position. will add when proven. I like many of the housing related businesses. $MHK $POOL $LII others.
  • bRobert: $TREX nh Extended. $LII V recovery. $BECN $OC Base building. Cheap. Patience will be rewarded. Look at $MHK .
  • champ: $BECN @ $40.50 ...could be entry....upgrade this morning and also $C on 6/19...I can't really find anything negative..?? anyone see anything...?
  • bRobert: $LEN .Blow out numbers on top/bottom line. As I said yesterday, the COMPANIES are fine, the STOCKS are in trouble. Until sock buying sentiment/perceptions changes this dichotomy will persist. $Z $HD $LOW , and housing related discretionary have outperformed . $WSM $RH $W . I will be watching $MHK $LL $BECN $TREX $OC and others for positive pin action.
  • champ: @bigbartabs $LGIH and look at $CGC ---- Thanks and I understand....but I always like to try and figure out..#why...a stock is doing, what this stock is doing...and that was the reason that I came up with. Risk is all around us and you can't get away ...
  • bRobert: $Z $ZG Not many good entries . $80 target. Many housing related names are acting perky or have put in a nice base. eg $BECN $OC $LL others. There is a severe shortage of homes. $LEN earnings reaction may kick start the builders. $LGIH at a great low risk entry level.
  • bRobert: $BECN moving through 50d. Trget 1 $50. cheap growth
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Stock Price $98.02
Change 3.12%
Volume 1,607,050

Beacon Roofing Supply, Inc, is a distributor of residential and non-residential roofing materials in the United States and Canada.

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