Long Position on TREX @ $68.65 on 2/13/2017 (Momentum)

Trex Company, Inc. (TREX) manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States.

It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards. The company also provides railing products, such as Trex Transcend Railing for use with Trex decking products and other decking materials; Trex Select Railing for consumers, who desire a simple clean finished look for their decks; and Trex Reveal aluminum railing for contemporary aesthetic look.

In addition, it offers Trex Transcend Porch Flooring and Railing System, an integrated system of porch components and accessories; Trex Seclusions fencing product, which includes structural posts, bottom and top rails, pickets, and decorative post caps; and TrexTrim, a cellular PVC residential exterior trim product. Further, the company provides steel deck framing systems under the Trex Elevations name; and Trex DeckLighting, a line of energy-efficient LED dimmable deck lighting for use on posts, floors, and steps.

Additionally, it acts as a licensor in various licensing agreements with third parties to manufacture and sell products under Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex CustomCurve, an on-site system that allows contractors to heat and bend Trex products; Trex Pergolas, a cellular PVC trim product; Diablo Trex Blade, a saw blade for wood-plastic composite decking; and Trex SpiralStairs and structural steel posts. 

Shares are heading higher in an upward trading channel. The firm is scheduled to report its results on February 22nd. Higher share prices are expected for this stock.

52-Weeks Trading Range: $33.88 - $72.21

Entry Point: $68.65

Stop Loss: $65.20

Target Price: $75.52

Updates

2/21/2017 9:37:13 AM

TREX closed at $76.50

Position closed on 2/21/2017 at price of $76.50 with a 11.43% gain in 8 days.

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