PGT (PGTI) is a manufacturer and supplier of residential impact-resistant windows and doors. This stock is trading up 15.7% at $3.08 in recent trading.
Today's Range: $3-$3.2152-Week Range: $0.98-$3.40 Volume: 67,000 Three-Month Average Volume: 79,533 Shares of PGTI are ripping higher today after the company reported second quarter income of $3.7 million, or 7 cents per share, versus a loss of $5 million, or 9 cents per share, in the same period last year. >>7 Stocks for a Housing Rebound From a technical perspective, PGTI is gapping up sharply here back above its 50-day moving average of $2.95 with decent volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once PGTI takes out some near-term overhead resistance levels at $3.32 to $3.40 with high volume. Traders should now look for long-biased trades in PGTI as long as its trending above its 50-day, and then once it takes out $3.32 to $3.40 with high volume. Look for a sustained move or close above those levels with volume that's near or above its three-month average volume of 79,533 shares. If we get that action soon, then look for PGTI to re-test and possibly take out its 2010 high of $3.70.
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