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PGTI) is a U.S. manufacturer and supplier manufacturer of impact-resistant aluminum and vinyl-framed windows and doors and offers a broad range of fully customizable window and door products. This stock is trading up 3.3% to $8.15 in recent trading.
Shares of PGTI are trending higher today after the company announced a partnership with PulteGroup, which will feature its products in South Florida communities.
>>5 Stocks Poised for Breakouts
From a technical perspective, PGTI is bouncing higher here back above its 50-day moving average of $8.06 with decent upside volume. This move is quickly pushing shares of PGTI within range of triggering a major breakout trade. That trade will hit if PGTI manages to take out some near-term overhead resistance levels at $8.82 to its 52-week high at $9.25 with high volume.
Traders should now look for long-biased trades in PGTI as long as it's trending above today's low of $7.85 or above some more near-term support at $7.57 and then once it sustains a move or close above those breakout levels with volume that hits near or above 575,252 shares. If that breakout triggers soon, then PGTI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $11 to $12.
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