US Concrete (RMIX)

Company

"U.S. Concrete is a leading value-added provider of ready-mixed concrete and related products and services to the construction industry in several major markets in the United States. As a construction industry resource, we offer performance-based engineered products, extensive industry expertise, emerging concrete technologies, sustainable answers to environmental challenges and a new way of thinking about the concrete construction process." (company website)

Buy

30-Oct-06. US Concrete took a steep dive earlier this year and is just breaking the trend line (see sidebar).

• Price momentum (PPO) — picked up sharply for most of past three months but leveled off during last pullback
• Trend (ADX) — just at threshhold strength (20), but buying pressure (+DI) has been picking up gradually over most of past three months and is now crossing above selling pressure (-DI)
• Money flow (CMF) — hovering around neutral
• Relative strength (RSI) — improved from weak to neutral over past three months
• Volume — solid volumes for up-days after last bottom

Sell

9-Nov-08. Before the open today, US Concrete reported earnings in line with its lowered guidance, and also predicted a Q4 slowdown. Bam! Zowie! Whap! The stock didn't have a chance. My stop-loss order kicked in, and the shares sold.