1
UFP Industries reported Quarter December 2021 earnings of $2.19 per share on revenue of $2.0 billion. The consensus earnings estimate was $1.25 per share on revenue of $1.7 billion. Revenue grew 44.7% on a year-over-year basis.
UFP Industries is a holding company that provides capital, management & administrative resources to subsidiaries that supply wood, wood composite & other products to three primary markets: retail, housing and construction & industrial.
2
Since 17.02.2022 the stock is consolidating within an area ranging from $88.00 - $82.73.
WHAT DO I EXPECT NEXT?
3
I can imagine that the UFP Industries stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $88.00 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $82.73 the trading scenario is invalid.
What are your thoughts? Leave a comment down below 👇
🚫 No investment advice, I am just displaying my personal opinion which might be wrong!
