How to Trade 6 Infrastructure Stocks Before a Boom

After a new President is inaugurated in January, it is likely that infrastructure spending will be on the rise. Both candidates have discussed the need to repair our nation's roads and bridges. Projects to do so will need the services of the U.S.-based construction companies profiled here.

The stocks in today's scorecard are in the heavy construction industry, are general contractors and are in technical services. These are among the best companies positioned to implement priority projects. Each has a buy rating according to TheStreet Ratings.

 

The weekly chart for Argan (AGX) is positive but overbought, with the stock above its key weekly moving average of $50.48 and well above its 200-week simple moving average of $30.05.

The weekly momentum reading is projected to rise to 94.63 this week, becoming extremely overbought above the threshold of 80.00.

Courtesy of MetaStock Xenith

Investors looking to buy Argan should do so on weakness to $50.13, which is a key level on technical charts until the end of 2016.

Investors looking to reduce holdings should consider selling strength to $58.96, which is a key level on technical charts until the end of September.

The weekly chart for the Dycom Industries (DY) is negative, with the stock below its key weekly moving average of $84.14 and well above its 200-week simple moving average of $44.74. The weekly momentum reading is projected to decline to 22.73 this week, down from 30.44 on Sept. 16.

Courtesy of MetaStock Xenith

Investors looking to buy Dycom should do so on weakness to $76.72, which is a key level on technical chart until the end of this week. The $80.38 level should be a magnet until the end of 2016.

Investors looking to reduce holdings should consider selling strength to $83.25, which is a key level on technical charts until the end of September.

The weekly chart for Emcor (EME) is positive but overbought, with the stock above its key weekly moving average of $55.86 and well above its 200-week simple moving average of $44.09. The weekly momentum reading is projected to slip to 88.16 this week, down from 90.01 on Sept. 16, becoming slightly less overbought vs. the threshold of 80.00.

Courtesy of MetaStock Xenith

Investors looking to buy Emcor should do so on weakness to $53.22, which is a key level on technical charts until the end of September.

Investors looking to reduce holdings should do so on strength to $61.30, which is a key level on technical charts until the end of 2016.

The weekly chart for Comfort Systems (FIX) is positive, with the stock above its key weekly moving average of $29.62 and well above its 200-week simple moving average of $20.55. The weekly momentum reading is projected to rise to 25.19, up from 20.23 on Sept. 16.

Courtesy of MetaStock Xenith

Investors looking to buy Comfort Systems should do so on weakness to $27.27, which is a key level on technical charts until the end of this week.

Investors looking to reduce holdings should consider selling strength to $31.44 and $33.51, which are key levels on technical charts until the end of September and to the end of 2016, respectively.

The weekly chart for Granite Construction (GVA) is projected to be neutral if Friday's close is above its key weekly moving average of $47.72, well above its 200-week simple moving average of $36.12. The weekly momentum reading is projected to decline to 63.81, down from 69.25 on Sept. 16. A close on Friday below $47.72 would be negative.

Courtesy of MetaStock Xenith

Investors looking to buy Granite should do so on weakness to $42.23, which is a key level on technical charts until the end of September. The $47.47 level is a magnet until the end of September.

Investors looking to reduce holdings should consider selling strength to $49.86, which is a key level on technical charts until the end of 2016.

The weekly chart for Jacobs Engineering (JEC) is negative, with the stock below its key weekly moving average of $51.51 and on top of its 200-week simple moving average of $49.70, which was tested at this week's low. The weekly momentum is projected to decline to 51.57 this week, down from 61.42 on Sept. 16.

Courtesy of MetaStock Xenith

Investors looking to buy Jacobs should do so on weakness to $36.02, which is a key level on technical charts until the end of September.

Investors looking to reduce holdings should consider selling strength to $52.59 and $60.11, which are key levels on technical charts until the end of September and the end of 2016, respectively.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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