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James Hardie (JHX) Surges 8.3%: Is This an Indication of Further Gains?

JHX
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James Hardie (JHX) rose in the last session on above-average volume, but the article says the latest trend in earnings estimate revisions does not point to further upside. The setup is constructive in the near term on price and volume, but analyst revision trends are a headwind for sustained strength.

Analysis

James Hardie (JHX) rose in the last session on above-average volume, but the article says the latest trend in earnings estimate revisions does not point to further upside. The setup is constructive in the near term on price and volume, but analyst revision trends are a headwind for sustained strength.

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Market Sentiment

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moderately negative

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Ticker Sentiment

JHX-0.20