Long Position on GMS @ $24.40 on 7/15/2016 (Momentum)

GMS, Inc. (GMS) distributes wallboards, suspended ceilings systems, and complementary interior construction products in North America.

It offers wallboard products; and ceilings product line consists of suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and other commercial and institutional buildings.

The company also distributes steel framing products, including steel tracks, studs, and various other steel products used to frame the interior walls of commercial or institutional buildings; and insulation, ready-mix joint compound, and various other interior construction products, as well as ancillary products, such as tools and safety products.

It markets and sells its products through a network of branches and distribution centers to the interior contractors of commercial and residential buildings, as well as home builders. Shares of this recent IPO have formed a bullish "cup and handle" and higher share prices are expected for this stock.

This is a low volume stock, use a LIMIT ORDER, and not a MARKET ORDER.

52-Weeks Trading Range: $19.28 - $25.74

Entry Point: $24.60

Stop Loss: $23.00

Target Price: $27.00

Updates

8/29/2016 3:49:56 PM

GMS closed at $24.23.

Position closed on 8/29/2016 at price of $24.23 with a -0.70% loss in 45 days.

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