Beacon Roofing Supply (BECN) Showing Signs Of Being Strong And Under The Radar

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Beacon Roofing Supply ( BECN) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Beacon Roofing Supply as such a stock due to the following factors:

  • BECN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.3 million.
  • BECN is making at least a new 3-day high.
  • BECN has a PE ratio of 31.
  • BECN is mentioned 0.61 times per day on StockTwits.
  • BECN has not yet been mentioned on StockTwits today.
  • BECN is currently in the upper 20% of its 1-year range.
  • BECN is in the upper 35% of its 20-day range.
  • BECN is in the upper 45% of its 5-day range.
  • BECN is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

If you liked this article you might like

First Leg Down of United Tech; Hurricanes -- Jim Cramer's Top Thoughts

Irma to Bring Droves to Aisles of Home Depot; Teva Reveals Savior CEO - ICYMI

Cramer: Hurricanes Will Break the Decline of the Auto and Housing Industries

Hurricane Irma Has Sent These Top Storm Stocks Ripping Higher

Faster Rebuild After Harvey; Micron Tech Breakout Would Be a Win: Best of Cramer