$BLDR Builders FirstSource Inc Stock Robo Analyst August 16 2020 #BLDR

Builders FirstSource Inc (BLDR) “On a long-term technical basis, the stock (BLDR) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 28.43 and 24.65. If the stock breaks down through support at 28.43 then it will probably continue lower to 24.65. The stock will meet resistance at 32.00 and 33.89. If the stock breaks up through resistance at 32.00 then it will probably continue higher to 33.89. The 200-day moving average is at 21.83. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (88.79), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”