Long Position on IBP @ $27.40 on 4/22/2016 (Momentum)

Installed Building Products, Inc. (IBP) engages in the installation of insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States.

It offers a range of insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials.

The company is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl spaces, building envelopes, attics, and acoustical insulations.

It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors.

Shares of this small-cap stock have formed a bullish "cup and handle" and higher share prices are expected for this stock. The firms report its earnings on May 10th. Higher share prices are expected for this stock. Please use a "LIMIT" order and not a "Market" order.

52-Weeks Trading Range: $17.60 - $29.97

Entry Point: $27.40

Stop Loss: $26.00

Target Price: $30.15

Updates

5/5/2016 10:23:06 AM

IBP closed at $30.00.

Position closed on 5/5/2016 at price of $30.00 with a 9.49% gain in 13 days.

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