Could BlueLinx Holdings Inc. (BXC) See a Reversal After Breaking Its 52-Week High?

March 14, 2018 - By Vivian Park

The stock of BlueLinx Holdings Inc. (NYSE:BXC) hit a new 52-week high and has $34.81 target or 3.00 % above today’s $33.80 share price. The 5 months bullish chart indicates low risk for the $309.05 million company. The 1-year high was reported on Mar, 14 by If the $34.81 price target is reached, the company will be worth $9.27 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.76% or $0.26 during the last trading session, reaching $33.8. About 1.03 million shares traded or 218.36% up from the average. BlueLinx Holdings Inc. (NYSE:BXC) has risen 34.71% since March 14, 2017 and is uptrending. It has outperformed by 18.01% the S&P500.

More notable recent BlueLinx Holdings Inc. (NYSE:BXC) news were published by: which released: “Form 8-K BlueLinx Holdings Inc. For: Mar 01” on March 01, 2018, also with their article: “Why BlueLinx Holdings Inc.’s Stock Is Rocketing Today” published on March 13, 2018, published: “BlueLinx Enters Into Strategic Merger Agreement to Acquire Cedar Creek” on March 12, 2018. More interesting news about BlueLinx Holdings Inc. (NYSE:BXC) were released by: and their article: “BlueLinx Holdings Inc. (BXC) Is Surging After Cedar Creek Acquisition” published on March 12, 2018 as well as‘s news article titled: “BlueLinx to Announce Fourth Quarter and Full Year Results on March 1st” with publication date: February 16, 2018.

BlueLinx Holdings Inc., through its subsidiary, BlueLinx Corporation, distributes building and industrial products in North America. The company has market cap of $309.05 million. It distributes products in two principal categories, structural products and specialty products. It has a 4.96 P/E ratio. The company??s structural products include plywood, oriented strand board, rebar and remesh, lumber, and other wood products primarily used for structural support, walls, and floorings in construction projects.

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