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Downtrend Call Working As Beacon Roofing S Stock Falls 21.7% (BECN)

May 15, 2018 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Beacon Roofing S (NASDAQ:BECN) on April 10th, 2018 at $51.46. In approximately 1 month, Beacon Roofing S has returned 21.74% as of today's recent price of $40.28.

Beacon Roofing S share prices have moved between a 52-week high of $66.47 and a 52-week low of $39.07 and are now trading 3% above that low price at $40.28 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.8%.

Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials, including siding, windows, specialty lumber products, and waterproofing systems for residential and non-residential building exteriors.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Beacon Roofing S.

Log in and add Beacon Roofing S (BECN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to SmarTrend at cs@mysmartrend.com

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