Entries in Bearish Ledge (1)
USG Corp. (NYSE: USG) -- Bearish Ledge
Posted on Tuesday, November 20, 2007 at 10:28AM
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Price Patterns
in Bearish Ledge
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Price Patterns
in Bearish Ledge
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| Print
The housing recession is adversely impacting a lot of different industries. Suppliers of building materials are an obvious victim.
Firms like USG Corp (NYSE: USG) are deep into bear market territory. But it's far from over.
Although a lot of these stocks, such as USG, are short-term oversold, they're likely to continue lower in the coming months. The bearish ledge in USG suggests as much. Keep the stock on your radar, and look for a good bearish entry point in the next couple of days.
