Time to take profits in James Hardie?
Strong US housing data this year has seen James Hardie (JHX) maintain its uptrend. However, I have identified some technical signals which indicate that it may be time to secure our profits. Some analysts have identified headwinds such as increasing competition and demand to taper back a bit in the US. These concerns may be creeping in when we look at the price action of JHX. (VIEW LINK)
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Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
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