Risk/Reward Rating: Positive
JELD-WEN Holding, Inc. (NYSE:JELD) is fast approaching its panic low reached during the COVID-induced market crash in March 2020. The company is reasonably well positioned for the long term with a leadership position in the building materials market (primarily windows and doors). With the shares near the low end of a well-defined historical trading range, and substantial upside potential, we are adding it to the dox it! list for stoxdox members.
Technicals
I view JELD-WEN to be a trading opportunity, though there is long-term investment potential as an industry consolidator. The well-defined trading range mentioned above is on display in the following 10-year monthly chart. On a monthly close basis, the trading range is roughly between $9 to $40.
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