6x Risk to Reward Ratio on BXC - Watch for May 1st Earnings

BXC's Risk to Reward Ratio is x6
BXC's May 1st earnings should be watched before deciding a position based on Fib support points.


Recent News
BlueLinx Names Mike Wilson Chief Commercial Officer - April 2nd, 2024

5-Point Inspection by OnePunchman:

  1. Free Float shares‪‪: 8.3M‬‬ - Positive
  2. Cash & equivalents: 521 M‬‬ - Positive
  3. Debt: 617M‬‬ - Positive
  4. Last Quarter Revenue: 712M - Positive compared to Cash in hand and Free Float
  5. EPS $5.32 - Positive


Buy Alert done by Fibonacci retracement levels:
  • Price: $106.17
  • Entire Position Stop Loss: $103.83
  • 1st Take Profit: $119.18 (I would sell 100% of my holdings here) - Risk to Reward Ratio is x6
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