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.

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