Top-Rated Stocks Near Buy Point Ahead Of Earnings: Trex

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If you're looking for stocks that are setting up in a base ahead of earnings, here's one that fits the bill: Trex ( TREX ). It's expected to report on Feb. 21 and is currently approximately 6% shy of a 120.50 buy point. The base is a second-stage flat base .

[ibd-display-video id=2385970 width=50 float=left autostart=true] Understand that buying a stock just ahead of earnings involves risk since you typically don't have enough time to establish a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.

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The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 21% to 42%. Revenue rose from 8% to 32%.

Consensus analyst estimates call for earnings-per-share growth of 12% for the quarter, and 23% growth for the full year. Annual growth estimates were recently revised upward.

Trex has a 98 Composite Rating and holds the No. 1 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Boise Cascade ( BCC ) and American Woodmark ( AMWD ) are also among the group's highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: TREX , BCC , AMWD

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