A beacon can be a sign or a signal, and today that signal brought us to look at Beacon Roofing Supply (BECN). A long-term oversold condition was the beacon triggered today in the stockOn Feb7, a long-term oversold signal was generated and BECN rallied 15% from the Feb7 low of $34.93 to the March 10 high of $40.39. BECN failed to provide a long-ter...
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