Time to take profits in James Hardie?
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Fairmont Equities
Strong US housing data this year has seen James Hardie (JHX) maintain its uptrend. However, I have identified some technical signals which indicate that it may be time to secure our profits. Some analysts have identified headwinds such as increasing competition and demand to taper back a bit in the US. These concerns may be creeping in when we look at the price action of JHX. (VIEW LINK)
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![Michael Gable](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBYXc9IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--480b2f2c071b1c967e0014f720e361e21b1bf412/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/Mike_colour.jpg)
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
Expertise
No areas of expertise
![Michael Gable](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBYXc9IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--480b2f2c071b1c967e0014f720e361e21b1bf412/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/Mike_colour.jpg)
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
Expertise
No areas of expertise