We alerted Headwaters Inc. (NYSE: HW) as a “buy” on Monday (see here).
Today HW opened at $1.82 and finished trading session at $1.91 on 294,492 shares in volume.
Besides multi-Form 4s (company’s CEO bought shares on open market) and more insider buys (here and here), HW chart shows several “off-bottom” signals.
Headwaters Incorporated
10653 S River Front Parkway
Suite 300
South Jordan, Utah 84095
Tel: 801 984 9400
Sharon A. Madden
Vice President of Investor Relations
smadden@headwaters.com
Headwaters is a leading participant in Light Building Products and Heavy Construction Materials. The Company is a leading manufacturer of building products for new residential, residential remodeling, and commercial construction. Headwaters’ portfolio of light building products includes architectural stone; resin-based exterior siding accessories, such as shutters, mounting blocks and gable vents; concrete block and brick; and other building products. The Company has more than 3,000 U.S. wholesale distributors and generates incremental sales through big box stores. Headwaters also markets certain products through its direct sales force. The broad distribution system and extraordinary brand loyalty has enabled Headwaters to capture the number one market position in all of its key niche product categories