James Hardie Industries plc (JHX)’s Trend Up, Especially After Forming a Double Top Chart Pattern

July 16, 2018 - By Jack Shaw

James Hardie Industries plc (NYSE:JHX) Logo

The chart of James Hardie Industries plc (JHX) shows a double top with $17.80 target or 6.00 % above today’s $16.79 share price. The 9 months chart pattern indicates low risk for the $7.40 billion company. It was reported on Jul, 16 by Finviz.com. If the $17.80 price target is reached, the company will be worth $444.18M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.36% or $0.06 during the last trading session, reaching $16.79. About 3,358 shares traded. James Hardie Industries plc (NYSE:JHX) has risen 11.57% since July 16, 2017 and is uptrending. It has underperformed by 1.00% the S&P500.

James Hardie Industries plc, together with its subsidiaries, makes and sells fiber cement products. The company has market cap of $7.40 billion. It operates through four divisions: North America Fiber Cement, International Fiber Cement, Other Business, and Research and Development. It has a 50.88 P/E ratio. The firm offers fiber cement interior linings, fiberglass windows, exterior siding products, and related accessories products.

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